These are the best stocks are offering potential short selling opportunities, in case the market continues to go down. These stocks are finding hard time to regain their 50 day moving average support, and it turn out to be a resistance, as of today.
1. FleetCor Technologies, Inc. (FLT) 50 day moving average ( DMA) turning to be a ceiling, now. Trading on/around the shorting selling price of $288.
2. ServiceNow, Inc. (NOW) – 50 DMA become ceiling , now. But, found support at the 200 DMA. Trading around short selling price of $251. It may rally back, if it finds support at the 200 DMA. So, watch out for 200 DMA support.
3. Visa Inc. (V) – 50 DMA become ceiling , now. Short selling price around $177.
4. Euronet Worldwide, Inc. (EEFT) – 50 DMA become ceiling , now. But, found support at the 200 DMA. Trading around short selling price of $148. It may rally back, if it finds support at the 200 DMA. So, watch out for 200 DMA support.
5. Tempur Sealy International, Inc. (TPX) – 50 DMA become ceiling , now. Short selling price around $77.
Short selling is very risky than buying stocks. So, 10-20% profit target is ideal. Also, a strict 5% stop loss from the entry price is advisable.
