This is the only stock in the list of shorts that is in a safe potential short position as the stock is putting in a very long-term topping pattern, with BOP going red, and the moneystream and relative strength line turning very weak. This is obviously not the most perfect short but this is still a strong short none-the-less as the stock is rolling over like the other aerospace and defense diversified operations stocks. I wouldn’t not load up on this short as it obviously did not come from a five-year uptrend that saw the stock move up 4000% before topping. The fact the uptrend was not huge and that volume was not extremely parabolic is another clear indication that this stock is probably not going to crash 50% in a few months. I would be very happy to get a 25% to 30% gain on this short. Make sure you take you profits as they come in around the 20, 25, 30, 35, 40, and 50% marks.
new short position: UTX
UTX is breaking down below the downtrending 50 and 200 day moving average, on very strong volume. Cut your final loss with a close above the 50 day moving average, if the stock does not move lower immediately.
