Bearish Bets: Three Stocks Tumble Amid Market Rise

Three well-established companies have seen significant falls in their stock prices recently. Carrier (CARR) has been underperforming this month, breaking out of its downtrend channel and hitting the 200-day moving average, which could provide some support but may also lead to further declines.

The moving average convergence divergence is on a sell signal for CARR, indicating bearish momentum. Money flow has been negative, and the Relative Strength Index is weak and oversold. A potential target for a short play could be around $54, which would represent a 12% gain from the current price.

Walmart (WMT) has also seen a significant decline in its stock price after its last earnings report in May. Money flow has been negative, indicating that big money players are selling the stock on every move. The moving average convergence divergence is technically on a buy signal but at a lower level, which does not offer much reassurance.

Lending Tree (TREE) has been severely affected by higher interest rates and is in a severe downtrend for months. The triangle narrowing is bearish, and the Relative Strength Index is weak and oversold. A potential target for a short play could be around $27 after a small rally to $35.