Some short term swing ideas. RRD, MAT, and UIS look oversold in the near term. Looking for a decent bounce.
AVEO, WB are overbought. Looking for some intraday short ideas here. Be opportunistic with WB. Daily price range is $1-2. Similarly looking at WTW, GRUB, and YELP from the short side. Be nimble, and take your profits! So many new 52 week lows... Bounces do come by, but takes at least a few days of patient waiting. THC, HTZ did see a good bounce recently. Retail, Move theaters and generic drugs are other areas that look oversold. Keeping an eye on HIBB, FOSL, ENDP, LCI, AMC.
AVEO, WB are overbought. Looking for some intraday short ideas here. Be opportunistic with WB. Daily price range is $1-2. Similarly looking at WTW, GRUB, and YELP from the short side. Be nimble, and take your profits! So many new 52 week lows... Bounces do come by, but takes at least a few days of patient waiting. THC, HTZ did see a good bounce recently. Retail, Move theaters and generic drugs are other areas that look oversold. Keeping an eye on HIBB, FOSL, ENDP, LCI, AMC.
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