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| Stocks to Watch: 3 Bearish Picks for Short-Selling Opportunities |
Investors interested in shorting stocks may want to keep an eye on the following three names that are showing bearish signals. While further due diligence is recommended before making any investment decisions, technical analysis of the charts and recent ratings from TheStreet's Quant Ratings can provide a starting point for those interested in shorting.
First on the list is a cosmetics giant that has repeatedly made the bearish list. The stock has been trending down with lower highs and lower lows and may see support around the $213 mark. With bearish money flow and volume trends, investors may want to put in a stop at the 200-day moving average at $244 and target gains around $210.
Next up is Centerspace, the owner of apartment communities that has been downgraded to Sell with a D+ rating. The downtrend is strong with high turnover and bearish money flows. Investors should not be swayed by an oversold reading and may see a move down to the $40s for CSR very soon. A stop at $64 and targeting the $40s may be a good strategy.
Finally, independent energy company Denbury Inc. has been bearish for several months with lower highs and lower lows. Volume trends and money flows are bearish, and the RSI cannot seem to gain momentum. Investors may want to short this stock and target gains around the $70 area with a stop at $82.
In conclusion, these three stocks show bearish signals and may present interesting shorting opportunities for investors. It is important to conduct further due diligence before making any investment decisions.
