Stocks This Week: Sell Short General Dynamics And Transocean
Cycles bottom on Friday, the 22nd. Close out short positions on the Thursday close. Here are a pair of short recommendations for this coming holiday-shortened week. The picks are for the next three trading days.
The daily General Dynamics GD cycle peaks on January 16th and bottoms on January 22nd. The cycle sell signals have been profitable in eight of nine cases in the last year. The shares are likely to fall slightly, closer to $150.
General Dynamics Daily Cycle
General Dynamics Daily Graph
The daily Transocean RIG cycle (nine of ten sell signals have been accurate in the last year) tops on January 15th and bottoms on the 23rd. I suspect that the stock may retreat to $2.4. In addition, post-OPEX week in January has been bearish for this stock in the past.
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Transocean Daily Cycle
Transocean Daily Graph