Support the Wall Street Examiner! Choose your level of support to receive a free proprietary report as my thanks. Click the button below to see your options. Become a Patron!

These Stocks Are Set Up to be Battered

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

After my success with shorting McDermott (symbol MDR) recently, I decided I wanted to highlight a few other similar charts.

Liquidity moves markets!

Follow the money. Find the profits! 
MDR McDermott

Here, then, are four other stocks that are somewhat similar in that:

  1. They have topping patterns;
  2. They have already fallen a lot in price;
  3. Most folks would assume the downfall was “done”, but my view is that firm bottom only exists at $0, and if a stock has been doing poorly in this lifetime-highs-every-day market of ours, something must be deeply and truly wrong with it.
ETM Entercom
GPRE Green Plains
MOS Mosaic

Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. I may receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

Try Lee Adler's Technical Trader risk free for 90 days! Follow the money. Find the profits!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.