The screen below are for those stocks that have primarily been on a solid uptrend of late, but are starting to show signs of breaking down along with a loss of interest by the street as a whole. So if you are looking to short this recent market rally, use the list below as bit of a primer to get your bearish energies flowing. Most of these stocks look pretty good when just looking at price and volume from a long-term perspective, however, what is concerning is some of the glaring bearish divergences that are popping up. One such indicator is the Time Segmented Volume - TSV that shows all of the stocks below in the negative, which is a good indicator that the longs are starting to get a bit skittish in their current positions, and are taking profits as a result.
Of those listed below I'd keep a close eye on Abaxis (ABAX) which is forming a nice double-top on the charts.
Here are the 10 stocks prime for shorting.
Ryan (@shareplanner) specializes in swing trading strategies and is the founder of SharePlanner which he created to help and teach others on how to trade stocks better using multiple approaches and time frames. Each day you can count on Ryan to provide his trading advice as well as transparency in every trade that he makes. Ryan Mallory resides in Central Florida with a wife of seven years as well as one lively son. More >>
Sign up and receive Ryan's stock picks, watch-lists and eBook
SharePlanner provides swing trading, day trading, options income, and speculative strategies for traders. You will find a wide array of material to help develop and hone your trading skills and abilities, from videos and courses to learning about specific trading strategies. As always, SharePlanner will provide the best actionable trade ideas for "right now" as well as all of the research and technical analysis that you need to make you a better and more profitable trader.