NEW BEARISH Plays

Harsco Corp. - HSC - close: 24.69 change: -0.70

Stop Loss: 25.40
Target(s): 21.50
Current Gain/Loss: unopened

Entry on February -- at $--.--
Listed on February 24, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 447 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
HSC is in the basic materials sector. The company provides industrial services and products. The stock rallied last week on February 20th following a generally positive earnings report. Unfortunately there was no follow through higher and investors sold into the rally with a sharp reversal lower.

Today's low was $24.44. I am suggesting a trigger to launch bearish positions at $24.40. If triggered our target is $21.50. I do expect shares to see short-term support near its February low ($23.21) and the $22.00 level.

Trigger @ 24.40

Suggested Position: short HSC stock @ (trigger)

Annotated chart: