These recently downgraded names are displaying both quantitative and technical deterioration. By BOB LANG Jun 12, 2022 | 10:30 AM EDT Stocks quotes in this article: BBWI, MYGN, HBI Each week we identify names that look bearish and may present interesting investing opportunities on the short side. Using technical analysis of the charts of those stocks, and, when appropriate, recent actions and grades from TheStreet’s Quant Ratings, we zero in on three names. While we will not be weighing in with fundamental analysis, we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. Bath & Body Works Gets Worked Over Bath & Body Works Inc. (BBWI) recently was downgraded to Sell with a D rating by TheStreet’s Quant Ratings. Since late 2021 the specialty retailer of home fragrance and body care products has been steadily declining, a symptom of changing consumer tastes and margin compression. Those are fundamental reasons; the chart shows this to be the technical case as well, with a series of lower highs and lower lows. The stock of Bath & Body Works fell sharply below support last month and tried to…
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Bearish Bets: 3 Beaten-Down Stocks You Should Consider Shorting This Week
