Short-Sale Set Up - Follow Up to Short-Sale Targets Discussed Yesterday

Published : May 19 2016 at 10:18 ET

Among the names that we covered as short-sale targets in a report sent out yesterday before the open, we note the following action:

AMZN - finds resistance along the $700 Century Mark. This would remains as an optimal short-sale point but the stock is still within 2% of that price level, so one could use the $700 level as a guide for an upside stop.

DIS - stock is continuing lower after failing at the 50-day line yesterday. The 50-day line is your trailing stop.

HD - hovering below its 50-day moving average. Still in shortable range using the 50-day line at 133.37 as a guide for an upside stop.

MBLY - shortable this morning on the rally up to the 20-day line using the line at 36.99 as your guide for an upside stop.

MCD - pushing further below the 50-day line. Was shortable yesterday on the breach of the 50-day line, which now becomes your trailing stop at 126.71. 

NFLX - ran right into its 20-day moving average yesterday where it was shortable. The 20-day at 91.76 can serve as a very tight guide for an upside stop.

TSLA - Goldman Sachs recommended the stock yesterday which we felt was a shortable move. After-hours it was revealed that Goldman is one of the lead underwriters on a new TSLA secondary offering. We think the stock goes down from here, and would short it here using the 216 level as a guide for an upside stop.

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