Sunday Trio Of Short Ideas

Managing Partner at Tim Knight Organization • Aug 27, 2017 at 7:04 PM EDT

Here are three ideas I’m short (out of my 48 positions) that I found of special interest: Acadia Pharmaceuticals, Advanced Micro Devices and Buffalo Wild Wings.

Here are three ideas I’m short (out of my 48 positions) that I found of special interest. First up is Acadia Pharmaceuticals, which is sporting a well-formed diamond pattern. If broken, this becomes a powerful reversal pattern.

0826-acad

Next is Advanced Micro Devices. Semiconductors had an incredible run until a few months ago, and they’re all starting to fizzle and pop. AMD seems especially prone to failure to my eyes.

0826-amd

Lastly is Buffalo Wild Winds, which has been “Old Faithful” lately. This is a massive topping pattern with plenty of downside potential left.

0826-bwld

Disclaimer:

This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult with a qualified broker or other financial professional. The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author has no business relationship with any company whose stock is mentioned in this article nor is receiving compensation from any of the companies mentioned.

STOCKS IN THIS ARTICLE

AMD ACAD BWLD

Comments

Back to all articles

STOCKS IN THIS ARTICLE

More from this Author

South Korea Rehash

Crude Charts

All Up To ES/NQ