NEW BEARISH Plays

RTI Intl. - RTI - close: 25.83 change: +0.52 stop: 27.65

Why We Like It:
Metal and mining related stocks were some of the worst performers today. The oversold bounce in RTI didn't get very far. Shares now have short-term resistance at the 10-dma. I am suggesting small bearish positions right here. More conservative traders could wait for a new relative low under $24.90 to initiate positions. I'm suggesting small positions because RTI does have above average short interest at 9% of the small 29 million-share float. That raises the risk of a short squeeze.

RTI is due to report earnings in early February so our time frame is about a week and a half. Our first target is $23.00. Don't be surprised to see RTI bounce from the 50 or 100-dma. Our second target is $20.75.

Annotated chart:

Entry on   January 25 at $25.83 (small positions)
Change since picked:     + 0.00   			
Earnings Date          02/03/10 (unconfirmed)    
Average Daily Volume:       720 thousand
Listed on   January 25, 2009