Boston, MA 04/09/2014 (wallstreetpr) – Domtar Corp (USA) (NYSE:UFS) has been on a downward trend in the past few trading sessions; the stock has broken a critical support of 102.51 level; the stock was trading in very narrow range but seems to have lost the stability and lost a substantial amount in the last few trading sessions. The momentum indicators and the relative strength index both have turned downwards and making lower lows, which implies the stock may further slide downwards.
Traders can go short on the stock (both on a short term and positional basis) with a stop loss at $106.75 and targets of $99 and $96.75.
World Wrestling Entertainment, Inc. (NYSE:WWE)
World Wrestling Entertainment, Inc. (NYSE:WWE) opened near its previous close and saw a downward bias in its intraday session; the sock has been weak and lost about 20% in the week, the stock is currently trading near its critical support level of 22.11 close below this level could open the window for a target of about 15.73 which is the next support level. The Momentum indicators are in the oversold zone but not trying to turn upwards, which implies the stock may remain at the same level of a further slide down.
Short term traders can look at new short positions if the stock slides below $22.02 levels with a stop loss at $24.80 and targets of $18.75.
China Sunergy Co Ltd (NASDAQ:CSUN)
China Sunergy Co Ltd (NASDAQ:CSUN) is currently trading just shy of its 200 DMA which is at 4.88; the stock has been trading in a very narrow range. The momentum indicators are neutral and the relative strength index is turning downwards that implies the stock may further see a downward bias.
Traders can take a positional short call on the stock with a stop loss at $5.07 and targets of $4.12 – $4.00 on a closing basis.
