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.
- Atmel Corp. (NASDAQ:ATML): Resistance for ATML is at $7. The stock is trading between $6 and $7, and looks to dive downward. Volatility for this stock is rated 49—more than double the average volatility rating of 20.
- Ebay (NASDAQ:EBAY): EBAY is in a downward trend showing signs of accelerating its descent. Resistance for the stock is at $55.
- Amazon (NASDAQ:AMZN): AMZN’s downtrend doesn’t show any sign of a reversal. Resistance for AMZN is at $266.
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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