11 Stocks That Shorts Should Keep An Eye On

LFT has its volume fading, but still sees upward movement. RSI indicates extreme overbought levels at 78+. How long can the bulls hold this up ? The risk-reward suggests, downside potential is higher than upside. I took a short position at $18.35 hoping for trend reversal and break below $18.00

BIG kept its uptrend going. It spiked past its $19.00 and $20.00 resistance, all the way towards $21.00.  However sellers dumped this heavily at this point and the stock eventually ended below $20.00. Keep watching

GA found support at $7.00, which earlier had been strong resistance. This stock is in overbought level, with RSI 73+. However this is a potential only if it breaks past $7.00 on the downside. Keep watching for reversal.

IPCS faces it next resistance at $11.00. Today it tried to break past it, but could not hold up. If the second attempt to break past $11.00 fails, it will provide good scalping oppurtunity on the short side.

RGR was weak in the morning, but showed strength in the afternoon, breaking above $10.00. Its next resistance will be $11.00 which was its previous high. However if it breaks below $10.00, this can keep dropping. Will be interesting trade setup.

ASX opened lower in the morning, but saw buying in the afternoon. $2.50 still holds the critical resistance. I will take a short entry close to $2.50 if it reaches there. It has support at $2.00.

Zoran Corporation (ZRAN) is a provider of digital solutions in the digital entertainment and digital imaging market. Zoran has developed high-performance digital audio and video, imaging applications and Connect Share Entertain technologies for the digital home. ZRAN saw strong uptrend in the last 2 trading days. This has room for more upward movement. However its previous highs of $8.25 should provide strong resistance. Potential short position below this resistance with stop loss on break of it.

salesforce.com, inc. (CRM) is a provider of software on demand. The Company provides customer relationship management  service to businesses of all sizes and industries worldwide. Approximately 41,000 customers worldwide use salesforce.com to manage their vital customer, sales and operational data. CRM has been on an uptrend since late Feb. The stock has taken out couple of key resistance and has room to run up till $36.50. However as per previous trend, every uptrend has been followed by strong downtrend. Wait for this reversal to short into. Dont be the early short to get squeezed.

Regal Entertainment Group (RGC) is the parent company of Regal Entertainment Holdings, Inc. (REH), which is the parent company of Regal Cinemas Corporation (Regal Cinemas) and its subsidiaries. RGC faces it critical resistance at $12.50, which is its 200 dma as well as price from which stock had reversed. $12.00 should provide a weak resistance too. Aggresive short sellers can short this stock below $12.00 for short scalping. However $12.50 is the magically number to look out for.

FL is a steady and slow mover. It appears to be trading in a channel which makes it more predictable. FL has critical resistance at $10.00 and $11.50. Anything below these resistance could be used as shorting oppurtunities for scalping.

CHIC is a stock that seems to have formed a triple top around $7.00. This proves to be critical resistance CHIC has not be able to break past. Short below $7.00 with stop loss on the break of it.

Disclosure: Short LFT for swing-trade.