Just two weeks ago, the market was collapsing as Russian tension rose. Many sectors and specific stocks were punished far more than the overall market. Quite a few of these plays have rebounded and are now breaking above their former highs. What investors need to understand is that if these plays took a larger hit in the last mini market pullback, they will again be smoked when the markets have a small drop. In other words, investors ran for the hills more quickly in these names and are still skittish. Here are a few of these names that can be shorted in this upper range.
1. Intel Corporation (NASDAQ:INTC): Double Top: $34.85. Current Pice $34.96. Shorting Level: $35.25.
2. Microsoft Corporation (NASDAQ:MSFT): Double Top: $45.75. Current Price: $45.16. Shorting Level: $46.05.
Gareth Soloway
InTheMoneyStocks.com
