Two Unexpected Long-Side Setups
Short-sale candidates have dominated my screens for the last week, and many of the potential long setups I have been monitoring are backing off from what had looked like vulnerable resistance levels.
Today, two unlikely long candidates appeared in a scan: Baidu (BIDU) and Diana Shipping (DSX). I was surprised to see that these stocks were up today, considering the overall market decline, correlation issues, an overheating China economy and the performance of the dry bulk shipping sector over the last few years....414 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.