• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • TheStreet Smarts
  1. Home
  2. / Investing
  3. / Stocks

Bearish Bets: 3 Slumping Stocks You Should Consider Shorting This Week

These recently downgraded names are displaying both quantitative and technical deterioration.
By BOB LANG
May 08, 2022 | 10:30 AM EDT
Stocks quotes in this article: TPX, LOGI, CARR

Each week we identify names that look bearish and may present interesting investing opportunities on the short side.

Using technical analysis of the charts of those stocks, and, when appropriate, recent actions and grades from TheStreet's Quant Ratings,,, we zero in on three names.

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.

Tempur Sealy Sags

Tempur Sealy International Inc. (TPX) recently was downgraded to Hold with a C+ rating by TheStreet's Quant Ratings. 

The mattress maker has been in a miserable downtrend for months, with lower high and lower lows and its momentum indicators signaling more downside to come. Money flow has been negative for a bit and remains bearish.

The Relative Strength Index (RSI) cannot seem to get over 50 and there is a bearish divergence here with the price action. A rally up last week into resistance shows rejection here.

Look for a move eventually into the mid-teens, but put in a stop at $31 just in case.

Logitech Limps Along

Logitech International (LOGI) recently was downgraded to Hold with a C+ rating by TheStreet's Quant Ratings. 

The producer of computer peripheral equipment and gaming gear also shows a bearish chart. The stock fell through support at $70 when it gapped lower in mid-April. Bids are just hard to find here, with lower highs and lower lows.

Moving average convergence divergence (MACD) is on a sell signal and money flow is weak. Also, the Relative Strength Index bends downward and is steep. There is nothing bullish on this chart.

Look for a move down to $50 or so, but put in a stop at $71.

Carrier Global Feels a Chill

Carrier Global Corp. (CARR) recently was downgraded to Hold with a C rating by TheStreet's Quant Ratings.

The maker of heating and air conditioning equipment is in a miserable downtrend. MACD is on a sell signal and money flow continues bearish. Nothing is positive on the chart with lower highs and lower lows. The RSI remains troubling, too, with a steep slope downward.

We could see Carrier make a run to the $20s; hold for that, but put in a stop at $42.

(Real Money contributor Bob Lang is co-portfolio manager of TheStreet's Action Alerts PLUS. Want to be alerted before AAP buys or sells stocks? Learn more now. )

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

At the time of publication, Lang had no positions in the stocks mentioned.

TAGS: Investing | Stocks | Technical Analysis | Bearish Bet | Technology Hardware & Equipment | Industrials | Manufacturing | Real Money | Consumer Discretionary

More from Stocks

The Mask Gets Yanked Off of Goldilocks Narrative

James "Rev Shark" DePorre
Sep 21, 2023 4:29 PM EDT

The bulls' story always sounded like a stretch, and now they will have to develop a new narrative to help drive a recovery.

Doug Kass: Risk Happens Fast. This Is All About to Get Real

Doug Kass
Sep 21, 2023 2:30 PM EDT

Caution and stock market congestion may lie ahead as interest rates stay higher for longer, while the stock market decline has now assumed a global character. Plus, more lessons from Howard Marks.

After Splunk Grab, Cisco's a Slam Dunk

Stephen Guilfoyle
Sep 21, 2023 11:54 AM EDT

I didn't like the idea of a cash deal at the start, but after going through the fundamentals, I think it's a wise move -- and here's why I'm adding the stock.

The Day After the Fed Meeting, I'm Gambling on This Stock

James "Rev Shark" DePorre
Sep 21, 2023 11:27 AM EDT

Here's why I like this gaming-related play, and why stocks could eventually offer some good entry points -- but not yet.

Whoa, We're (Only) Half Way There: Why the Correction May Have a Long Way to Go

Guy Ortmann
Sep 21, 2023 10:12 AM EDT

Four key indexes shifted their trends from neutral to bearish Wednesday.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 10:24 AM EDT BRUCE KAMICH

    This Could Get Messy

    A number of key stocks are getting close to import...
  • 01:41 PM EDT CHRIS VERSACE

    Latest AAP Podcast With Helene Meisler!

    Listen in as the Action Alerts PLUS podcast talks ...
  • 09:07 AM EDT JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    The Most Common and Costly Mistake in Investing
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2023 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login