BTIG spies tradable momentum longs and shorts
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Momentum short stock positions tend to bottom before momentum longs this time of year, according to BTIG.
"The average seasonal pattern over the last 10 years for momentum shorts tends to see a bottom in early October, presumably as tax-loss selling runs its course," technical strategist Jonathan Krinsky wrote in a note. "On the other hand, momentum longs do tend to continue their strength through October, before peaking in early November," 
Looking at individual charts, Krinsky identified four momentum shorts that could be poised for a bounce: Dollar General (NYSE:DG), Etsy (ETSY), FMC (FMC) and Illumina (ILMN).

He also saw four longs that look vulnerable: Berkshire Hathaway (NYSE:BRK.B), e.l.f. Beauty (ELF), Fair Isaac (FICO) and Eli Lilly (LLY).


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