While we will not be weighing in with fundamental analysis we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names.
The auction house is a repeat offender on our bearish list, and for good reason -- the stock chart is atrocious. It just reached the December lows and now is having a pathetic bounce back on lower volume.
All the indicators are bearish -- the cloud is red, money flow is negative, moving average convergence divergence (MACD) is on a sell signal and the Relative Strength Index (RSI) slope is quite steep.
This rally is a good chance to sell.
The education technology company's shares had a major spill this month on very high turnover, and the stock continues to perform badly. With lower highs and lower lows and a very bearish cloud this stock looks to have more downside to come.
RSI is pretty well oversold and money flows are negative, but this stock is about to roll into the $30s here.
This is a good short opportunity.
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.