These two retail names were profiled in our Tuesday 7/21 Game Plan as shorts. MIK and FOSL are now both below their 200 day SMAs and MIK is 18% below its recent 52 week highs and FOSL is 44% off its. The overall group has shown some decent strength and when stocks within can not keep up it is normally a red flag. This is how both names were profiled our daily report.

Stocks to be considered shorting opportunities are MIK FOSL. MIK is a retail play we were bullish on previously but have now changed our tune. It is still higher by 5% YTD and 59% over the last one year period, but now 13% off recent all time highs which occurred precisely at the round 30 number on 3/20 and 3/23. The last 2 weeks have shown weak relative strength off by more than 5%. Its last earnings release on 6/4 fell by 4.2% and halted 3 straight advances of .7, 1 and 9.2% on 3/19, 11/20 and 8/28. An alternate short trigger would be a sell stop below a descending triangle pattern at 25.70. We will look primarily to short into strength just below the 50 day SMA at 26.60.

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