I hope this post marks some sort of bottom in stocks, being that I rarely highlight short ideas. But, for those looking for a few ideas to bet against, here is a screen I use inside The PPT that searches for stocks just beneath important moving averages.
CLICK HERE FOR TONIGHT’S RESULTS
Here are a few charts of interest that look ripe for further downside:
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NFLX looks like it can drop hard on further weakness.
Thoughts on RAX and PBYI as potential shorts that can drop hard on further weakness?
yes keep the short ideas coming on this thread.
PBYI easy to manage short, stop above 20 day MA. Big support to break for RAX, if it can do it, plenty of room to drop.