Update: I did this post last night after the market closed, 3 of the 4 companies are energy related. All four are trading lower today, and further confirm the bearish outlook I have on these. ~Ryan
I've included four short setups below with their ideal stop-losses.
Each of these have solid reason to believe that they will see a
significant decrease in their share price – especially if the bearish
market conditions continue to hold.
My favorite of the bunch happens to be the very last one, Varian
Medical Systems (VAR), which has a textbook Head and Shoulders formation
with a nice rally to the neckline – ripe for the plucking!
SHORT: Buckeye Partners (BPL)
SHORT: Boardwalk Pipline Partners (BWP)
SHORT: Plains All American Pipel (PAA)
SHORT: Varian Medical Systems (VAR)
Check Out Ryan's Blog at SharePlanner.com
