📈Stock Chart of the Day. Long and Short.
Two charts are standing out to me today.
IEP has been the target of a short report that has come under question. Social media sites are picking up the stock as a possible short squeeze. The stock goes ex dividend on May 19th. The dividend is $2. This equates to 25% roughly per year. Short sellers must pay the dividend. One to watch. We are above the 9 EMA and 30 on the RSI for the first time since the short report was released.
ABNB missed earnings and stated that bookings are down 9% year over year. The stock recently broke its 200 Simple moving average and the MACD cross is through the zero line. Both of these indicators are bearish making it a potential short candidate
Watch this video for more stock ideas and what to look for this week. Pay close attention to what is said about regional banks.
Wishing Everyone Massive Success!