Sunday, June 7, 2009

Some Shorts

Here are 3 possible shorts: Because of IT move in the market, shorts should be careful these shorts are better trades if support levels are broken.

Update: here are a few more

CPN-Broke its trendline, MACD crossing, break of 12 trigger more selling



DD- broke uptrend line from March, strong volume, MACD trending down. below 200EMA



XIDE- broke uptrendline from March, Stoch cross giving sell signal, MACD historgram went negative, and sell off on Friday came on strong volume and closed below 200EMA.


AZK: Uptrend is now broken, RSI is below 50, MACD has been making lower highs and have cross. With gold hitting resistance as well, miners may follow


COCO- making a descending triangle, 15.24 is the weekly 200EMA. Daily EMA's are bearish and sloping down. Break of 15 would trigger some selling.

RGC- Moving averages are in a bearish position trending to cross, stock is trading below its 200EMA 12.88 is long-term resistance

These are trade ideas and are not investment advice, this information is for education purposes. Trading is subject to loss of capital, trade at your own risk.