Barker
Short

AET Short entry may be ready. 1/2 position now.

NYSE:AET   AETNA INC NEW
146 7 3
www.stocksetups.com

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JigneshRathod
2 years ago
Hi Barker, Trend is up side, Market is bullish, healthcare stock so what makes you think to short this one? If you see the graph, its continuously up side only.
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JigneshRathod JigneshRathod
2 years ago
also if you think this is Short then UNH is also a short candidate....
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Barker JigneshRathod
2 years ago
I'll be the 1st to admit that shorts are tough in this market. If you look at my history, I've only really stepped up my short positions over the past few weeks.

As to the trade. Take a look at the weekly chart. Note the volume spike and the move down in the stock price starting 3 weeks prior to earnings. I may be a few days early but realize that I only took a 1/2 position. A 1/3 position might even have been a better plan.

Also, It is quite rare to see stochastics embed to the upside for 3 months straight. Stochastics have now been embedded for most of May and all of June. I believe that we will see a retracement back to the March highs by the end of July. Earnings are July 29 so I expect to see profit taking as we approach mid July.

Keep in mind that my idea to short AET is not really confirmed until I see a close below 81.40. Also realize that I'm not looking for a failure of the channel. I'm simply looking for a pull back to the lower end of this upward channel.
+1 Reply
timwest PRO Barker
2 years ago
Great comments Barker. A new quarter is always a good time to get some volatility as portfolio managers swap out of the winners and look to find laggards or other names with better risk/reward valuations.
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Barker
2 years ago
Ex dividend today helping the short side.

I added to the short position. Looking for a breakdown and the 77's to trade.

Hopefully this week.
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JigneshRathod Barker
2 years ago
what do u think of SPLS calls? its down a lot and saw huge call volume for Jan 2015 2-3 days back for strike 12 and 13
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Barker JigneshRathod
2 years ago
SPLS looks good. Calls are the only way to go with SPLS.
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