If you want to short individual stocks look for the ones that are weak compared to the broader stock market.
RIG is an excellent example of a stock to short. It has underperformed the market for years. Its most recent rally up to 13.03 is just the most recent example of weakness as it failed to move above the prior high at 13.48 made in February.
Compare this to the SPX which has moved above its February high.
RIG is a great stock to short if it has another rally. Minimum downside target is 7.67 lower targets could be difficult to determine because the stock has never been lower than 7.67.
Mark
RIG is an excellent example of a stock to short. It has underperformed the market for years. Its most recent rally up to 13.03 is just the most recent example of weakness as it failed to move above the prior high at 13.48 made in February.
Compare this to the SPX which has moved above its February high.
RIG is a great stock to short if it has another rally. Minimum downside target is 7.67 lower targets could be difficult to determine because the stock has never been lower than 7.67.
Mark
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.