Earlier today, I posted the screen results of 18 stocks trading at a steep discount relative to its share price; tonight I flip sides and give you three stocks that have technically broken down, and are prime for a short position with an excellent risk/reward setup. The only catch is the general markets. Any short position you take on right now, is going to be rather difficult due to the fact that the market only seems to go in one direction these days. Nonetheless though, I give you three excellent short setups.

Durban Roodeport Deep (DROOY)

Click Here for the Other 2 Short Setups.

 

Mastec (MTZ)

Everest Re Group (RE)

You Might Like

  • The Anatomy of a Short-Term Bounce

  • January Barometer: As January Goes

  • Losing Trade to Start the New Year

Leave A Comment