Preface to all six parts: Before last week ended, I identified thirty-six different stocks that were getting close to a point where they would be intriguing new short positions. I am not in any of these yet, but I wanted to share all of them. I’m publishing twelve per day over this extended weekend – – six each day for everyone, and the other six for PLUS subscribers – – and will say a few words about each one. As always, click on any of them to see the larger SlopeCharts image, symbol, and name.
PAA gap at 25.12; notice I’m not using the word “stop”. This is because the gap is so far away – almost 20% – it would be nuts to suggest a stop that wide. So this is a great “wait and see” chart.
PACW stop 46.49; looks good-to-go.
PCH stop 48.01; present price far above major support, and seems to be rolling over.
PEI stop 11.31; almost certainly a “wait and see”, but a very nice analog and probably worth waiting for a good entry point.
RDN stop 17.82; that horizontal seems like a pretty solid wall to my eyes.
RRC stop 18.92; massive topping pattern. The gap is far away, at 20.24.