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.
United has fallen hard along with many transports due to coronavirus problems. People are scared to fly now, and it's taking its toll. But this stock has been rotten for months.
Notice the very weak money flow since November. Also, the downtrend channel is well-defined. Moving average convergence divergence (MACD) is on a sell signal, too.
This stock looks headed toward the $30s. A short with a stop at $60.
It's not all that jazz for this biotech name as the gap lower in February never quite filled on the rebound. Another gap from last week plagues this stock, and Jazz continues to spiral lower on heavy turnover.
MACD is on a sell signal, and the Relative Strength Index (RSI) slope is pretty steep and downward. The cloud is bearish as well.
Any rally up to $115 is an invitation to short the name.