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.
Tech was a leader last week and even the stock of this provider of cloud communications platforms showed some bullish moves. However, money flow has been poor and the cloud is still red. The bears are in control.
The Relative Strength Index (RSI) is pointing down as well; there is a bear flag formed here, and only a few bars down will drive the price back to the March lows.
This is a good short here on the short-term pop; put a stop in at $100.
Retail has been a huge struggle unless you had an online presence. VFC does, but the stock of the apparel maker is still getting pounded. Money flow shows lower highs and the cloud is red, RSI seems bullish with the trend; however, this stock is likely to go to sideways at best, down at worst.
We could see VFC pull back to the mid-$40s, the scene of the March lows. A rise above $62 would negate the pattern, so put in a stop there.