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These are the best stocks that are offering potential shorting entry on 2019-10-04. It can be added to your watch list.
1. Western Digital Corporation (WDC) – Saltless blow the 50 DMA. Short selling around $57.78.
2. Autodesk, Inc. (ADSK) – Lives well below the 200 DMA and the 50 DMA become resistance, now. Short selling opportunity around $147.38.
3. CSX Corporation (CSX) – Lost the 50 DMA, again. Short selling around $67.35.
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.
