2 Stocks To Buy And 2 To Short In This Precarious Trading Environment

NEW YORK (TheStreet) -- The market is increasingly precarious. Here are several trade ideas (both shorts and longs) to watch for this environment from a technical standpoint. Starting on the long side, McDermott International Inc. , an oil & gas equipment & services company, has broken to the upside. A six-month downtrend took it down to around $2.00 in February from about $8.00 six months ago.

BING NEWS:
  • Bitcoin Is Trading Near a 2-Month Low. Is It a Buy?
    Of course, this might just be a short-term blip. But there's good reason to think this ... The current situation is a unique opportunity to buy Bitcoin while it is still undervalued. Dominic Basulto ...
    05/17/2024 - 10:46 pm | View Link
  • How to invest in stocks
    A limit order lets you choose the price at which you buy a stock. If a stock is trading for $50 and you think it’s worth $40, you can put in a limit order that tells the broker to only buy the ...
    05/16/2024 - 6:22 am | View Link
  • Potential short squeeze stocks to watch
    Considering that the high level of short interest is deemed to be above 20%, all of these stocks have the potential to undergo a short squeeze with SunPower Corp (NASDAQ: SPWR), Bowlero Corp (NYSE: ...
    05/15/2024 - 2:52 am | View Link
  • Buy These 4 Low-Beta Stocks to Counter Market Volatility
    You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your ...
    05/15/2024 - 12:50 am | View Link
  • Short Sellers Run Scared As Meme Stocks Roar: Why High Short Interest Stocks Keep Ripping
    A multitude of stocks with high short interest ripped higher on Monday and continue to rally on Tuesday. The initial moves higher appear to be due to retail traders rushing into heavily shorted names, ...
    05/14/2024 - 5:49 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News