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4 Stocks to Watch: Short Selling Opportunities Unveiled!

Markets Wobble, and These Stocks Are Feeling the Heat

Author

John Navin
December 12, 2024

The markets are looking shaky, and savvy traders know that weakness can mean opportunity. If you're eyeing the short side, these four stocks are breaking below key support levels and hitting fresh lows. Are they your next big move? Let's dive into the charts and see what the market is telling us.

Baxter International.

Market cap for the medical instruments company is $15.83 billion. Short float is 2.44%. Today’s new low is red-circled. The stock dropped below the mid-November support levels. Both the 50-day and the 200-day moving averages are trending lower and the price remains below the red and blue lines.

Rogers Communications.

The Canada-based telecommuncations firm has a market cap of $18.28 billion. The short float is 1.10%. The stock in November took out the support area of the early July low price. Today’s lower low is significantly below both the 50-day and the 200-day moving avverages.

Teleflex.

This medical instruments company has a market cap of $8.53 billion. The short float is 1.07%. The stock in late October/early November plunged to below the late June support level. The 50-day moving average crossed below the 200-day moving average in late November.

United Microelectronics.

The Taiwan-based semiconductor maker has a market cap of $16.51 billion. The short float is 3.16%. The stock in November dropped below the April low and has continued to a set of new lows. The 50-day moving average crossed below the 200-day moving average in mid-November, a negative signal.

Buy-stops seem to be best at just above 50-day moving averages. No guarantees. You can lose money.

The story on the use of buy-stops and trailing buy-stops: https://www.investopedia.com/terms/b/buystoporder.asp

Not investment advice. For educational purposes only.

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