Monday, April 04, 2005

Shorts

CVX another oil stock breaking down on huge volume. A short now and a rally to the 50 dma is a high reward, low risk play.

ALXN is getting ready to break that 200dma. It has shown multiple down days on huge trade. Add today to that mix and lower prices look certain for this stock.

AHC this small base it is building is littered with distribution days and this nasty reversal along with its rolling over sector seems like a good short a move over 100 would negate that.

PKZ breaking down from its 50 dma again on good volume

FDG this stock is coming under pressure from sellers since December yet it still keeps climbing. I have a feeling that is over and a move down will start soon.

PTR this may be its last move to these levels. I have started a short position due to the high volume selloff again reaching this price leve. The whole sector is being sold by the smart money right now.

A is rolling over again. Breaking recent support on high volume and now both moving averages are trending behind it.

WYNN looks like Baron Funds is selling it. They had it the whole way up and it looks like the blow off top of Dec and now this high volume roll over is being done by some smart fund guys. A pullback to the 66 level makes this a good short.

ALOHA

No comments: