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These are the best stocks that are offering potential shorting entry on 2019-10-08. It can be added to your watch list.
1. The Kraft Heinz Company (KHC) – Lives well below the 200 day moving average ( DMA). Running in to resistance as it tries to regain the 50 DMA. Short selling around $26.71.
2. American Express Company (AXP) – Loss the 200 DMA support. Short selling around $113.24.
3. T-Mobile US, Inc. (TMUS) – Continues to run around 50 DMA resistance. Short selling around $77.86
4. Autodesk, Inc. (ADSK) – Lives below 200 DMA. 50 DMA effectively changing into resistance line. Short selling around $147.93
5. Square, Inc. (SQ) – Regaining 50 DMA fails. Short selling around $60.80
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.
