Targeting Some High Fliers

There are some changes, which some call rotations, forming in the market. Take the recent high fliers. The names that haven't been generally associated with the term "high flier" in the past. Whether I look at a chart of Pepsi (PEP), ConAgra (CAG), Kellogg (K) or Hillshire Brands (HSH), I am seeing the same thing: topping patterns and big downside risk.

Pepsico (PEP) -- Daily Source: View Chart » View in New Window » ConAgra (CAG) -- Daily Source: View Chart » View in New Window » Kellogg (K) -- Daily Source: View Chart » View in New Window » Hillshire Brands (HSH) -- Daily Source: View Chart » View in New Window »

For instance, CGA trading below $34 looks like a very attractive swing-side short. PEP looks set to first test $80, then ultimately $77. HSH looks primed for $33 and K looks ready to move into the $58-59 area....56 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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