NEW BEARISH Plays
JAKKS Pacific - JAKK - close: 10.31 change: +0.12
Stop Loss: 10.51
Current Gain/Loss: unopened
Entry on April -- at $--.--
Listed on April 03, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 162 thousand
New Positions: Yes, see below
Why We Like It:
JAKK is a toy maker. The stock has been underperforming the market most of the year. The recent oversold bounce from major support at the $10.00 mark has already reversed. Once again JAKK is facing a potential breakdown below $10.
I am suggesting a trigger to launch bearish positions at $9.90. If triggered our target is $8.00.
FYI: The Point & Figure chart for JAKK is bearish with a $6.50 target.
Trigger @ 9.90
Suggested Position: short JAKK stock @ (trigger)