Stocks I Will Consider Shorting Today

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Stocks I Will Consider Shorting Today

By John Lee on October 3, 2008 | More Posts By John Lee | Author's Website

I will short or consider shorting the following stocks today:

Beazer Homes (BZH) looks like a good short because of the flag forming after the 50-day MA failure. The stock also broke its uptrend entirely. I expect the stock to retest the $3.50 level.

American Apparel (APP) formed a really great pattern here. The stock is testing the 50-day again and it doesn’t look like it will hold. Also notice the break in the uptrend. The stock finds support at $7.

NPS Pharmaceuticals (NPSP) was a stock that formed a new high, however, the stock formed a breakaway gap. This stock is toast and is a definite short for me.

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