RIG One of the Most Bearish Stocks

75 2 4
If you want to short individual stocks look for the ones that are weak compared to the broader stock market.
RIG is an excellent example of a stock to short. It has underperformed the market for years. Its most recent rally up to 13.03 is just the most recent example of weakness as it failed to move above the prior high at 13.48 made in February.
Compare this to the SPX             which has moved above its February high.

RIG is a great stock to short if it has another rally. Minimum downside target is 7.67 lower targets could be difficult to determine because the stock has never been lower than 7.67.

Agree, thanks for the follow up. :)
markrivest Trance-Man
Hi Trance-Man

Glad to help. Watch for my posts about the stock market, the next few weeks could very interesting.

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out