3 Bearish Computer Stocks

Not much short-term upside in these stocks

   

My Power Stocks System tracks the most volatile, liquid candidates for option trading or short-term stock trading each week…but along with those strong names, I uncover the duds of the stock market too. My quantitative system is signaling continued weakness in these stocks for the week ahead.

However, that’s not to say you can’t play put options on these names. I’ll leave it up to you to decide which strike price and month are appropriate for your trading style, but be sure to give yourself enough time to be right. I’ve also included the support and volatility levels my scanner has detected for these stocks. Average volatility in my system is considered to be 20.

  • Broadcom (BRCM) has already started its downtrend from a $35 resistance level established in the past month. It closed at $33.76 Friday and has slightly above-average volatility at 23.
  • Dell (DELL), currently trading at $13.32, has fairly low volatility at 11, but is already 5% below its $14 resistance level.
  • Apple (AAPL), unfortunately for its many fans, is showing quite high volatility–rated 31, and closed at $396.08 Friday. Upside resistance for AAPL is at $433.  

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Article printed from InvestorPlace Media, http://investorplace.com/247trader/3-bearish-computer-stocks/.

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