Shortex 's recommended Short Positions

Shortex recommends 7 Short Positions in every newsletter. One of our recommendation is

 

ACCENTURE /ACN/   “NYSE”

TODAY’S PRICE:        $27.39

The management consulting Co. is being affected by the business downturn. Warning of lower sales forecast for '09 not a good sign. Downed gap @ 28-32 with heavy volume, may not be filled. Distribution intact. Possible repeat of a downed gap toward previous lows in the offing.

TAKE SHORT POSITION:  27-29

COVER SHORT:                 18-20

STOP LOSS:                             31

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