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.
The tobacco giant has been mired in a miserable downtrend since peaking about five months ago. There are lower highs and lower lows as the downtrend channel is well-defined.
There's no reason not to follow the trend here, and while we could see a small pop it probably would be another sell opportunity. Money flow has been abysmal and the Relative Strength Index (RSI) is poor, with a steep slope.
This is short probably to $43 or so.
This apparel spinoff from Sears Holdings isn't looking good. The action is very poor, with a recent break of $10. Since April Lands' End has lost more than 50% of its value; the cloud is still very strong and red while RSI is as bad as can be. Money continues to flow out of the name.
Short any rally, though it appears that might not even happen for this poor stock.
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.