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.
I would recommend selling these names on any further weakness.
- Echostar (NASDAQ:SATS): Echostar has popped above its $35 resistance level by $3, which could signal a possible breakout.
- Juniper Networks (NYSE:JNPR): JNPR is trading about $2 below its $22 resistance level, with volatility slightly above average.
If you’re unfortunate enough to own one of these names, take a loss now and save yourself the heartache later.
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