These are the best stocks that are offering potential shorting entry on 2019-10-10. It can be added to your watch list.
1. VeriSign, Inc. (VRSN) – Unable to regain the 200 day moving average (DMA). Short selling around 184.03.
2. The Cooper Companies, Inc. (COO) – Lives below the 200 DMA. Short selling around $293.98.
3. Cardinal Health, Inc. (CAH) – 200 DMA become resistance. Unable to regain the 50 DMA, as well. Short selling around $45.30.
4. Walgreens Boots Alliance, Inc. (WBA) – Lives well below the 200 DMA. Unable to retake the 50 DMA. Short selling around $52.67.
5. Henry Schein, Inc. (HSIC) – 200 and 50 DMA crossover recently. Closed below the 50 DMA. Short selling around $62.11
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.
