These are the best stocks that are offering potential shorting entry on 2019-10-03. It can be added to your watch list.
1. IDEXX Laboratories, Inc. (IDXX) – Lives below the 50 day moving average ( DMA) . Potential short entry at $271.50.
2. Symantec Corporation (SYMC) – Struggling to hold up above the 50 DMA. Short entry around $23.29.
3. Cerner Corporation (CERN) – 50 DMA become resistance now. Short entry around $67.67
4. QUALCOMM Incorporated (QCOM) – Lost the 50 DMA support. Short entry point around $74.
5. Synopsys, Inc. (SNPS) – Lost the 50 DMA support. Short entry around $134.
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.
