2 Stocks every investor should consider shorting this week

By: Motiur Rahman
Motiur Rahman
Md Motiur enjoys researching how companies are solving challenges the world will face over the coming decades. In his… read more.
on Jan 24, 2022
  • Clarivate and Veeva Systems are one of the most exciting stocks to watch this week.
  • Clarivate has dropped 30% since the beginning of the year.
  • Veeva has fallen sharply from its previous highs of $340; the fall is expected to considerably get worse.

We have identified names that look bearish and may present interesting investing opportunities on the short side. Using technical analysis of the charts of those stocks and appropriate recent actions, we have zeroed in on 2 names. 


Source – TradingView

Clarivate Plc (NYSE:CLVT), information technology and analytics company has slammed the brakes on some major volume this month. The stock has dropped 30% since the beginning of the year, resulting in remarkable price activity. For the bulls, this is bad news.

Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.

Money flow is negative, and the Relative Strength Index (RSI) has reached its maximum level of over-buying. Of course, that’s not a buy signal; the cloud is also red, and the MACD is still rolling over. A pull-up may happen at any time, and that would be a great place to get short.

If you are a short seller, consider a short opportunity in the $17-$19 range, with a target of $11 but a stop at $22. Don’t hang in long to avoid getting caught in a short-squeeze.

Veeva Systems

Source – TradingView

Veeva Systems Inc. (NYSE:VEEV), a cloud-based software supplier for the life sciences industry, is another high-valued stock that has plummeted. The stock has lost more than 30% of its value since peaking at around $340 and is expected to fall considerably worse.

Money flow is low, and the Relative Strength Index (RSI) is oversold, but neither of these factors indicates a buy signal. The cloud is also red, with a bearish Moving Average Convergence Divergence (MACD) indication.

Currently, the stock has broken its support level, and the downtrend is still continuing. Investors should watch out for a drop to around $195 (some long-term support), but they should also keep a stop-loss around $245.

Where to buy right now

To invest simply and easily, users need a low-fee broker with a track record of reliability. The following brokers are highly rated, recognised worldwide, and safe to use:

  1. Etoro, trusted by over 13m users worldwide. Register here >
  2. Capital.com, simple, easy to use and regulated. Register here >

*Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.