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.
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. ©2019 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.