The market is still looking pretty ugly. It’s not extremely oversold, and there may be more downside. So we'll see. We haven’t gone over Boxer Shorts since last week, so let’s go over some of them.
SanDisk Corp. (NASDAQ:SNDK) was down another 44 cents to 63.35 on Thursday. It topped, rolled over hard, formed a bear flag, dropped lower, formed a bear wedge, and it's still coming down. The target on this one is 54-55.
TAL International Group, Inc. (NYSE:TAL) dropped 1.74 to 33.72 on Thursday. It formed a topping pattern, rolled over, broke down, formed a wedge, dropped a little further, bear flagged, and got whacked for 6 1/2%. I’m not sure where the bottom is, but there’s support around 31-32.
TriNet Group, Inc. (NYSE:TNET) is a Boxer Swing Short. It had a big break, a bear flag, and I put it out as a short. It already dropped about 4 points and now it dropped another 4. On Thursday, it was down to 68 cents to 25.74.
Universal Electronics Inc. (NASDAQ:UEIC) is a Boxer Short, down 1.22 to 50.26. After it cracked, it formed a bear wedge, cracked again and formed a bear flag, and looks like it still wants to go lower. If it drops below 50.26, then it could drop down to 42-43.
Other stocks on Harry’s Charts of the Day included Canadian Pacific Railway Limited (NYSE:CP), Emerge Energy Services LP (NYSE:EMES), Fossil Group, Inc. (NASDAQ:FOSL), Kate Spade & Company (NYSE:KATE), Michael Kors Holdings Limited (NYSE:KORS), Norfolk Southern Corporation (NYSE:NSC), Open Text Corporation (NASDAQ:OTEX), Trinity Industries Inc. (NYSE:TRN), Union Pacific Corporation (NYSE:UNP), and United Rentals, Inc. (NYSE:URI).
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
4 Boxer Shorts Of The Week: SNDK, TAL, TNET, UEIC
Published 06/26/2015, 03:10 AM
Updated 07/09/2023, 06:31 AM
4 Boxer Shorts Of The Week: SNDK, TAL, TNET, UEIC
Latest comments
Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.