On CNBC’s “Fast Money,” Carter Worth of Cornerstone Macro analyzed four stocks from a technical standpoint.
Since its March lows, Bed Bath & Beyond Inc. (NASDAQ: BBBY) has jumped from $3.50 to $25, but Worth believes that the weakness from the pandemic has just accentuated what has been an ongoing problem. He sees the move as overdone and he would be a seller of the stock.
L Brands Inc (NYSE: LB) is another example of a strength to fade. The stock is in a long-term bear market and Worth would sell the recent strength.
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