Sunday, November 14, 2010

A couple of short ideas

Below are two hard asset stocks that are trading below their 50 SMA and with RSI7 breaking below 70 on Friday.  The first stock, Gerdau, a Steel stock looks like a good short candidate, and the second stock, EGO a gold miner, looks like a good candidate for a bear call spread, especially going into OPEX.

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