There was one stock out of 22 in my short scan that has lined itself up for a possible good short. Nothing is ever guaranteed but the way charts like this have done recently, I would assume a nasty breakdown for K could easily happen. However, it is a food stock and since this is a bear market it might hold up a bit better than other shorts might. So don’t get too crazy about shorting an insane amount of this stock. I am completely covering one short and putting only HALF of that money into this short. So don’t think that I am very excited about this short position.
new short position: K
K is reversing hard at the 50 day moving average, rebreaking the 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.
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