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Short-Sale Set Up - Notes on Current SS Targets: BERY, CAT, NVDA, WB, and X for April 5, 2017

Published : April 5 2017 at 12:46 ET

With the Dow up 150 points today, the last thing anyone is probably thinking about is the short side of this market. However, we like to be ready for anything. Currently we have five names on our short-sale watch list: BERY, CAT, NVDA, WB, and X based on prior Short-Sale Set-Up reports. 

BERY is extended to the downside, so would need to rally up int one of its higher moving averages before approaching what might be a more optimal short-sale point.

CAT is being bumped in Barron's magazine, so has bounced back above its 50-dma. Watch for any kind of reversal back below the 50-dma as a short-sale trigger. The stock is showing some stalling action so far today.

NVDA failed to hold at its 50-dma and gapped below the line yesterday. This comes into play as a short-sale target that can be entered on any weak rally back up into the 20-dema or 50-dma, or right here using the 20-dema as a tight stop. 

WB is failing to hold its 50-dma and so is in a short-sale position here using today's high as a guide for a tight upside stop.

X has reversed at its 20-dema. We would prefer to short this as close to the 20-dema as possible, or even more optimally, on a rally up to the 50-dma at 35.84.

A warning to the wise (and not so wise): We would emphasize that short-selling requires extreme alertness and flexibility. We strongly advise that if one is new to shorting then they should start with very small positions, no more than 5% or less of their total account value. We also highly recommend that would-be short-sellers read both How to Make Money Selling Stocks Short by William J. O'Neil and Gil Morales and its follow-up, Short-Selling with the O'Neil Disciples by Gil Morales and Dr. Chris Kacher in order to have a well-grounded sense of proper short-selling technique as we practice it.


This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2017 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.