Using recent actions and grades from TheStreet's Quant Ratings and layering on technical analysis of the charts of those stocks, Trifecta Stocks identifies five names each Friday that look bearish.
Village Super Market
Village Super Market Inc. (VLGEA) recently was downgraded to Hold with a C rating by TheStreet's Quant Ratings.
This supermarket chain has been belted lately with extreme volume, selling that has punished the stock. When a market is making new highs just about every day and your stock is getting pummeled like this, it's time to reconsider.
Money flow has been poor, and just look at the Relative Strength Index (RSI) -- it's dreadful. We may see a slight bounce to the 20-day moving average (dotted line), but that would be your chance to short more.
This stock is likely headed to the teens.
Impinj
Impinj Inc. (PI) recently was downgraded to Sell with a D+ rating by TheStreet's Quant Ratings.
The operator of a platform that enables wireless connectivity is in a nasty downtrend with lower highs and lower lows, and while the stock just tested the December lows it still can't find substantial buyers.
The 20-day moving average has been the resistance, and the cloud is red and bearish. Money flow is poor, too.
With markets making new highs this stock is making lows, going in the wrong direction.
Short here for a move into the teens, but put a stop at $30.
This commentary is an excerpt from "5 Bearish Bets" a weekly feature sent to subscribers of Trifecta Stocks. Click here to learn more about this portfolio, trading ideas and market commentary product.
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-- Bob Lang and Chris Versace are co-portfolio managers of Trifecta Stocks.
