Short Setups for Friday

By: Scott Johnson Friday, October 03, 2008 12:25 PM

Symbols: CAL, IIVI, ILMN, ISRG, MTH, OFG, PTNR, SAN, SMTS, STSA

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However, the July low was 2.34. Yesterday, the closing price was 14.25.

- SAN is under significant resistance, and the chart shows some big red bars earlier in the month. This is a play on the globalization of our economic crisis.

- OFG: I am looking for a break below 17.00 for a short entry.

- HD is stalled below the 50 and 200 day moving averages.

- CAL: Another airline stock way off its lows.

- ISRG: More downside likely if it drops below 225.00.

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