Each week Trifecta Stocks identifies names that look bearish and whitethorn contiguous absorbing investing opportunities connected the abbreviated side.
Using method investigation of the charts of those stocks, and, erstwhile appropriate, caller actions and grades from TheStreet's Quant Ratings, we zero successful connected 5 names.
While we volition not beryllium weighing successful with cardinal analysis, we anticipation this portion volition springiness investors funny successful stocks connected the mode down a bully starting constituent to bash further homework connected the names.
Boston Omaha
Boston Omaha Corp. (BOMN) recently was downgraded to Hold with a C standing by TheStreet's Quant Ratings.
The outdoor advertizing and surety insurer has immoderate large turnover lately arsenic the banal faltered badly. Money travel is bearish portion the unreality is red, and comparative spot is bending little arsenic well.
Moving mean convergence divergence (MACD) has crossed for a merchantability signal, truthful each the indicators are lining up bearish. We could spot a driblet to the May lows here, astir the $24.50 level, a bully 20% gain.
Put successful a halt astatine the 200-day moving mean (around $34) conscionable successful case.
Digital Turbine
Digital Turbine Inc. (APPS) recently was downgraded to Hold with a C+ standing by TheStreet's Quant Ratings.
The supplier of media and mobile connection products was explosive this summertime but it has been falling hard connected large turnover. That's a atrocious sign, a motion of organization distribution.
Money travel is antagonistic and MACD is connected a merchantability signal. The unreality conscionable turned reddish and is pointing lower; the indicators are highly bearish here.
Look for a trial of the August lows astir the $47 level, but enactment successful a halt astatine $71, giving it immoderate country to work.
This commentary is an excerpt from "5 Bearish Bets" a play diagnostic sent to subscribers of Trifecta Stocks. Click here to larn much astir this portfolio, trading ideas and marketplace commentary product.
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-- Bob Lang and Chris Versace are co-portfolio managers of Trifecta Stocks.
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