{"id":17165,"date":"2011-12-19T08:15:00","date_gmt":"2011-12-19T08:15:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/technicall-overbought-5-stocks-around-10-to-consider-short\/17152\/"},"modified":"2011-12-19T08:15:00","modified_gmt":"2011-12-19T08:15:00","slug":"technicall-overbought-5-stocks-around-10-to-consider-short","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/technicall-overbought-5-stocks-around-10-to-consider-short\/17165\/","title":{"rendered":"Technicall overbought; 5 stocks around $10 to consider short"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><!--Ad Injection mfunc mode ad include code--><!--mfunc include_once('\/mnt\/Target01\/327806\/www.thestockmarketwatch.com\/web\/content\/stock-market-news\/wp-content\/plugins\/ad-injection\/adshow.php') --><!--\/mfunc--><\/p>\n<p><strong>By Jason Bond of <a href=\"http:\/\/www.jasonbondpicks.com\/\" target=\"_blank\" rel=\"noopener\">JasonBondPicks.com<\/a><\/strong><\/p>\n<p>The following stocks JBLU, HEK, MBI, CDR and SWHC are technically overbought above with a 14-day Relative Strength reading of 70 or higher. Many of these charts could continue to climb steadily but when they crack it&#8217;s a given that profit taking will ensue. Trade your hand right and this can be a very favorable chart patterns going long followed by short. If you are new to shorting, this <a href=\"http:\/\/www.jasonbondpicks.com\/2011121853505\/blog-posts\/dvd-1-preview-the-fundamentals-of-short-selling\/\" target=\"_blank\" rel=\"noopener\">FREE 45-minute video<\/a> I did will get you started.<\/p>\n<p>JetBlue Airways Corp. (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=JBLU\">NASDAQ:JBLU<\/a>) provides passenger air transportation services in the United States. JBLU has a market cap of $1.66 billion and a reported short interest of 4.7 days to cover. As of Friday 12\/16\/11 the 14-day Relative Strength of JBLU was 73.91 and heading up. Resistance is at $6.28 &#8211; $6.45 before shares can push the 52-week high of $6.79. Support is at the MA(200) of $5.06.<\/p>\n<p><!--mfunc adshow_display_ad_file_v2(array('ad_random_1.txt'), array(100), array('align' => 'float right', 'clear' => '', 'margin_top' => '', 'margin_bottom' => '', 'padding_top' => '', 'padding_bottom' => ''), array(), array()) --><\/p>\n<div style=\"float:right;margin-left:5px;\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - in News 300 *\/\ngoogle_ad_slot = \"5684630733\";\ngoogle_ad_width = 300;\ngoogle_ad_height = 250;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/div>\n<p><!--\/mfunc--><\/p>\n<p><a href=\"http:\/\/www.jasonbondpicks.com\/wp-content\/uploads\/2011\/12\/jblu.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" title=\"jblu\" src=\"https:\/\/web.archive.org\/web\/20120130015432im_\/http:\/\/www.jasonbondpicks.com\/wp-content\/uploads\/2011\/12\/jblu.png\" alt=\"\" width=\"550\" height=\"420\"><\/a><\/p>\n<p>Heckmann Corp. (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=HEK\">NYSE:HEK<\/a>) is a holding company, acquires or makes investments in various businesses. HEK has a market cap of $786.74 million with a reported short interest of 12.3 days to cover. As of Friday 12\/16\/11 the 14-day Relative Strength of HEK was 71.33 and accelerating up making a new 52-week high at $6.79. There should be light support at $6.70 followed by $6.50 &#8211; $6.30 before all three major Moving Averages 20, 50 and 200 around $6.<\/p>\n<p><a href=\"http:\/\/www.jasonbondpicks.com\/wp-content\/uploads\/2011\/12\/hek.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" title=\"hek\" src=\"https:\/\/web.archive.org\/web\/20120130015432im_\/http:\/\/www.jasonbondpicks.com\/wp-content\/uploads\/2011\/12\/hek.png\" alt=\"\" width=\"550\" height=\"420\"><\/a><\/p>\n<p>MBIA Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=MBI\">NYSE:MBI<\/a>) provides financial guarantee insurance and related reinsurance, advisory, and portfolio services for the public and structured finance markets; and asset management advisory services in the United States and internationally. MBI has a market cap of $2.29 billion and a reported short interest of 12.1 days to cover. As of Friday 12\/16\/11 the 14-day Relative Strength of MBI was 74.63 and weakening. Resistance is at $12.65 with support at $11.00, $10.63 and $10.30 before the 20 Moving Average. The 52-week high is $14.96 from last January.<\/p>\n<p><a href=\"http:\/\/www.jasonbondpicks.com\/wp-content\/uploads\/2011\/12\/mbi.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" title=\"mbi\" src=\"https:\/\/web.archive.org\/web\/20120130015432im_\/http:\/\/www.jasonbondpicks.com\/wp-content\/uploads\/2011\/12\/mbi.png\" alt=\"\" width=\"550\" height=\"420\"><\/a><\/p>\n<p>Cedar Shopping Centers Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=CDR\">NYSE:CDR<\/a>) is a real estate investment trust, engaging in the ownership, operation, development and redevelopment of supermarket-anchored community shopping centers and drug store-anchored convenience centers in the United States. CDR has a market cap of $272.07 million and a reported short interest of 6.6 days to cover. As of Friday 12\/16\/11 the 14-day Relative Strength of CDR was 73.54 and slightly heading up after a crack Thursday. Resistance is at $4.22 and $4.33 with support at $3.85 followed by $3.50. The 52-week high is $6.59.<\/p>\n<p><a href=\"http:\/\/www.jasonbondpicks.com\/wp-content\/uploads\/2011\/12\/cdr.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" title=\"cdr\" src=\"https:\/\/web.archive.org\/web\/20120130015432im_\/http:\/\/www.jasonbondpicks.com\/wp-content\/uploads\/2011\/12\/cdr.png\" alt=\"\" width=\"550\" height=\"420\"><\/a><\/p>\n<p>Smith &amp; Wesson Holding Corp. (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=SWHC\">NASDAQ:SWHC<\/a>) provides products and services for safety, security, protection, and sports in the United States and internationally. SWHC has a market cap of $253 million and a reported short interest of 8.7 days to cover. As of Friday 12\/16\/11 the 14-day Relative Strength was 71.13 and slightly strengthening after an overbought reading and a price pullback from $4.01 &#8211; $3.62. There is resistance at the 52-week high of $4.08 with support at $3.60.<\/p>\n<p><a href=\"http:\/\/www.jasonbondpicks.com\/wp-content\/uploads\/2011\/12\/swhc.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" title=\"swhc\" src=\"https:\/\/web.archive.org\/web\/20120130015432im_\/http:\/\/www.jasonbondpicks.com\/wp-content\/uploads\/2011\/12\/swhc.png\" alt=\"\" width=\"550\" height=\"420\"><\/a><\/p>\n<p><strong>By Jason Bond of <a href=\"http:\/\/www.jasonbondpicks.com\/\" target=\"_blank\" rel=\"noopener\">JasonBondPicks.com<\/a><\/strong><\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/bank-sector-scan-5-stocks-under-10-traders-are-banking\/19234\"><br \/>\nBank sector scan; 5 stocks under $10 traders are banking<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/5-hot-penny-stocks-under-50-im-watching-ulu-sapx-tncc-dsti-ftwr\/19229\"><br \/>\n5 hot penny stocks under $.50 I&#8217;m watching: ULU, SAPX, TNCC, DSTI, FTWR<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/china-stocks-heat-up-lets-take-a-technical-look\/18733\"><br \/>\nChina stocks heat up, let&#8217;s take a technical look<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/breakout-pending-5-stocks-to-swing-royl-mgm-tivo-rf-gab\/18539\"><br \/>\nBreakout pending; 5 stocks to swing: ROYL, MGM, TIVO, RF, GAB<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/the-nsrs-stock-pump-continues-but-how-long-can-it-last\/18454\"><br \/>\nThe NSRS stock pump continues, but how long can it last?<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/is-powt-a-scam-bestdamnpennystocks-promotion-crushes-subscribers\/18414\"><br \/>\nIs POWT a scam? BestDamnPennyStocks promotion crushes subscribers<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/running-with-the-bulls-7-stocks-under-3-greener-than-the-hulk\/18412\"><br \/>\nRunning with the bulls; 7 stocks under $3 greener than the hulk<\/a><\/li>\n<\/ul>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n.<\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Jason Bond <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<p>Jason made his mark (and fortune) on Wall Street by spotting opportunities, pouncing and locking in those profits fast. His shares his strategies and winning swing trades at his website <a href=\"http:\/\/www.jasonbondpicks.com\/\" target=\"_blank\" rel=\"noopener\"><\/a>http:\/\/www.jasonbondpicks.com\/\n<\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Jason Bond of JasonBondPicks.com The following stocks JBLU, HEK, MBI, CDR and SWHC are technically overbought above with a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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