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.
This biopharmaceutical company has fallen hard since flying high last fall. A series of lower highs and lower lows plague Jazz, with the downtrend line firmly in place.
Momentum is bearish now, and while we see a modest rally up over the last few days it has been on lower volume.
The Bollinger band is going to be resistance; this is a good place to short the name.
The provider of communication services was pounded recently as it cuts its dividend, but if you look at the chart you didn't need that news to know CenturyLink was already in a bear trend.
The stock has been guided lower by moving averages, and it is currently under the relevant 50- and 200-day moving averages.
Momentum is still pointed lower, and while we see a modest rally that is just the point to get short.
This commentary is an excerpt from "5 Bearish Bets" a weekly feature sent to subscribers of Trifecta Stocks. Click here to learn more about this portfolio, trading ideas and market commentary product.
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-- Bob Lang and Chris Versace are co-portfolio managers of Trifecta Stocks.