Technicall Overbought; 5 Stocks Around $10 To Consider Short

The following stocks JBLU, HEK, MBI, CDR and SWHC are technically overbought
above with a 14-day Relative Strength reading of 70 or higher. Many of these
charts could continue to climb steadily but when they crack its a given that
profit taking will ensue. Trade your hand right and this can be a very favorable
chart patterns going long followed by short. If you are new to shorting, this
FREE 45-minute video I did will get you started. JetBlue Airways Corp. (
NASDAQ:JBLU ) provides passenger air transportation services in the United
States. JBLU has a market cap of $1.66 billion and a reported short interest of
4.7 days to cover. As of Friday 12/16/11 the 14-day Relative Strength of JBLU
was 73.91 and heading up. Resistance is at $6.28 $6.45 before shares can push
the 52-week high of $6.79. Support is at the MA(200) of $5.06. Heckmann Corp. (
NYSE:HEK ) is a holding company, acquires or makes investments in various
businesses. HEK has a market cap of $786.74 million with a reported short
interest of 12.3 days to cover. As of Friday 12/16/11 the 14-day Relative
Strength of HEK was 71.33 and accelerating up making a new 52-week high at
$6.79. There should be light support at $6.70 followed by $6.50 $6.30 before
all three major Moving Averages 20, 50 and 200 around $6. MBIA Inc. ( NYSE:MBI )
provides financial guarantee insurance and related reinsurance, advisory, and
portfolio services for the public and structured finance markets; and asset
management advisory services in the United States and internationally. MBI has a
market cap of $2.29 billion and a reported short interest of 12.1 days to cover.
As of Friday 12/16/11 the 14-day Relative Strength of MBI was 74.63 and
weakening. Resistance is at $12.65 with support at $11.00, $10.63 and $10.30
before the 20 Moving Average. The 52-week high is $14.96 from last January.
Cedar Shopping Centers Inc. ( NYSE:CDR ) is a real estate investment trust,
engaging in the ownership, operation, development and redevelopment of
supermarket-anchored community shopping centers and drug store-anchored
convenience centers in the United States. CDR has a market cap of $272.07
million and a reported short interest of 6.6 days to cover. As of Friday
12/16/11 the 14-day Relative Strength of CDR was 73.54 and slightly heading up
after a crack Thursday. Resistance is at $4.22 and $4.33 with support at $3.85
followed by $3.50. The 52-week high is $6.59. Smith & Wesson Holding Corp. (
NASDAQ:SWHC ) provides products and services for safety, security, protection,
and sports in the United States and internationally. SWHC has a market cap of
$253 million and a reported short interest of 8.7 days to cover. As of Friday
12/16/11 the 14-day Relative Strength was 71.13 and slightly strengthening after
an overbought reading and a price pullback from $4.01 $3.62. There is
resistance at the 52-week high of $4.08 with support at $3.60.