• 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 Stocks You Should Think About Shorting This Week

These recently downgraded names are displaying both quantitative and technical deterioration.
By BOB LANG
May 21, 2023 | 10:30 AM EDT
Stocks quotes in this article: ABNB, CCI, RYN

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.

Airbnb Checks In as a Short Play

Airbnb Inc. (ABNB) recently was downgraded to Sell with a D+ rating by TheStreet's Quant Ratings. 

After reporting disappointing earnings and guidance, Airbnb has been smashed down on pretty heavy volume. No question the sudden gap down took many investors by surprise, and that move in and of itself turns the chart of the lodging platform provider bearish.

The gap up two days prior to earnings and then gap down left what is known as an "abandoned baby." Eventually that gap will fill, but it could be awhile. Moving average convergence divergence (MACD) is on a sell signal now and prior support in April is now resistance. The downtrend line slopes at a steep angle, so it appears any rallies will be sold aggressively like last time. With heavy volume on the selling as well (arrow), ABNB is good for a short play. If short, target the $90 area, put in a stop at $120.

Crown Castle Crumbles

Crown Castle Inc. (CCI) recently was downgraded to Hold with a C+ rating by TheStreet's Quant Ratings. 

The stock of this cell tower owner is a three-time repeat offender. Crown Castle has been hammered of late, with a channel of lower highs and lower lows.

Volume has been elevated this past month or so, with that weakness showing up on the money flow at the bottom. MACD is also on a sell signal, and while the stock has fallen 24% in six week, there is no reason to step up and buy. Therefore, short here with a target of $98, but put in a stop at $120 just in case.

Rayonier's Charts Yell 'Timber'

Rayonier Inc. (RYN) recently was downgraded to Hold with a C+ rating by TheStreet's Quant Ratings. 

This timberland REIT has been hammered mercilessly, with lower highs and lower lows and heavy turnover as well. That's just not a bullish combination, and even as the stock has tried to rally the sellers just continue to pound away.

The Relative Strength Index (RSI) is steep and bending lower, which tells us there is more downside to come. MACD is on a sell signal, too, and with no support in sight we see lower prices ahead. If short, put in a stop at $31 and set an aggressive target to $22.

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: Short-selling | Investing | REITs | Stocks | Technical Analysis | Bearish Bet | Technology | E-Commerce | Real Money | Consumer Discretionary

More from Stocks

This Is No Time to Put Money to Work

James "Rev Shark" DePorre
Oct 2, 2023 4:04 PM EDT

The government shutdown deal did little to move stocks on Monday after the open.

Microsoft: Will Strength or Weakness Win Out?

Bruce Kamich
Oct 2, 2023 2:26 PM EDT

Let's check the charts and indicators.

Trading Coinbase Is More Than Just a Flip of the Coin

Bruce Kamich
Oct 2, 2023 1:30 PM EDT

The stock rallied early Monday, but those gains are fading.

Oil's on the Front Burner, and It's Getting Overcooked

Peter Tchir
Oct 2, 2023 12:30 PM EDT

Let me show you with one simple chart why the moves in this energy commodity are overhyped.

The Magnificent Seven Are Regaining Momentum

James "Rev Shark" DePorre
Oct 2, 2023 11:50 AM EDT

I have taken a position in one of these 'magnificent' names, and have my eyes on an under-the-radar asset manager.

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

  • 12:13 PM EDT BRUCE KAMICH

    8 Trading Rules from T. T. Hoyne

    You just read the header for this missive and prob...
  • 08:42 AM EDT JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    How Elite Traders Make Big Profits
  • 02:58 PM EDT BRUCE KAMICH

    Classic Trading Rules From Bernard Baruch

    Bernard Baruch listed the rules (below) in his aut...
  • 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