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 week that look bearish.
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.
Scientific Games
Scientific Games Corp. (SGMS) recently was downgraded to Sell with a D+ rating by TheStreet's Quant Ratings.
This apparent V bottom is not going to last for the bulls, unfortunately. The rally last week in this lottery and digital gaming name has been on lower turnover and money flow is bearish.
The cloud is red and widening, which is very bearish behavior. Price action has been downright awful and we could see a move back into the $3s before too long.
Marriott Vacations
Marriott Vacations Worldwide Corp. (VAC) recently was downgraded to Hold with a C rating by TheStreet's Quant Ratings.
No question the most vulnerable stocks during this latest crisis have been the transports. The resort names have been pounded as vacationers are staying away due to the coronavirus scare.
The charts don't lie, and Marriott Vacations has fallen hard like the rest of them. Moving average convergence divergence (MACD) is on a sell signal, and while last week showed some relief we should see this stock and others head right back down.
The cloud is deep red and money flow is weak. It's likely to test the $30 level one more time; put a stop in at $70.
