These are the best stocks that are offering potential shorting entry on 2019-10-02. It can be added to your watch list.
1. Wynn Resorts, Limited (WYNN) – 50 day moving average (DMA) become resistance, now. Potential short entry point is $110.
2. Automatic Data Processing, Inc. (ADP) – Trading below the 50 DMA. Potential short entry point would be around $164.
3. American Airlines Group Inc. (AAL) – 50 DMA become resistance, now. Short entry would be around $27.
4. T-Mobile US, Inc. (TMUS) – Struggling to hold above the 50 DMA since 7/26 – 8/2 rail road week. Potential short entry point would be around $78.
5. Baidu, Inc. (BIDU) – Regaining the 50 DMA attempt failed. Shorting point is around $102.
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.
