NEW BEARISH Plays
Aetna Inc. - AET - close: 37.35 change: -0.54
Stop Loss: 38.65
Current Gain/Loss: +0.0%
Entry on September 13 at $ xx.xx
Listed on September 12, 2011
Time Frame: 3 to 6 weeks
Average Daily Volume = 4.0 million
New Positions: Yes, see below
Why We Like It:
Shares of this healthcare stock have been underperforming the market the last several days with a steady drift lower. AET tried to rally on Friday but traders quickly sold into strength. Now AET is breaking support near $38 and its 50-dma.
I am suggesting new bearish positions at the opening bell tomorrow. We'll use a stop loss at $38.65. Our target is $35.05. More aggressive traders could aim lower.
Suggested Position: short AET stock @ (the open)
- (or for more adventurous traders, try this option) -
buy the Oct $35 PUT (AET1220v35) current ask $0.40