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. The stocks I put on sell watch are in bearish trends that still have a great deal of downside left.
All of the following stocks meet those criteria. I would recommend selling these names on any further weakness. I also note how close the stock is to resistance levels, and what kind of volatility you can expect.
- Nordstrom (NYSE:JWN): Nordstrom is trading well below its $55 resistance level, and its volatility is below average.
- Home Depot (NYSE:HD): HD is trading below its $65 resistance level, and also has below-average volatility.
- Costco (NASDAQ:COST): Costco is trading just a dollar below its $101 resistance level, and has volatility well below average.
If you’re unfortunate enough to own one of these names, take a loss now and save yourself the heartache later.
InvestorPlace advisor Ken Trester is editor of the popular Maximum Options program. Trester has been trading options since the first exchanges opened in 1973 with a winning streak that goes back to 1984 with money-doubling average annual profits since 1990. Try Maximum Options today for 2 months for only $99.