3 Of The Most-Shorted Stocks With Bearish Charts
Image by Unsplash
Once more, the bears in the market are successfully defending against would-be bargain-hunters this week. And right now, with stocks under increased pressure, the price charts in these most-shorted stocks are offering investors well-qualified bearish entries to trade with the trend.
It has quickly turned into a third straight week where Wall Street’s bad actors have been making themselves at home. Netflix’s (NASDAQ:NFLX) awful earnings report was a bearish shot over the bow. And with ever-rising interest rates and ongoing economic worries tied to Covid-19 and Russia’s invasion of Ukraine, it’s been tough lately for bullish buyers.
In fact, it may be time to consider investing more smartly in a broader bearish cycle that might be just getting started. As such, today let’s review the longer-term price charts of three of the market’s most-shorted stocks. These charts are setting up nicely for bearish positioning and a bit of portfolio diversification.
This article originally appeared at InvestorPlace.
Category: Options Trading Strategies
