Time to Short BlueBird (BLUE) Stock?

Not many stocks stay green for long in a bear market. Today we see around five stocks increasing dramatically in the premarket. Soon they might decline steeply. Only experienced traders may take a huge advantage from such stocks that fluctuate between $0.5 and $10.

Without any news Bluebird (NASDAQ: BLUE) is soaring 67% on 3.35 million shares after surging from $2.98 amid a second FDA endorsement.

Before beti-cel Gene gets into the market and generates revenue BLUE stock could go down slightly for staying without updates. If you made a technical analysis that it will decline a bit. Shorting would be the right action to accumulate some profits from the stock.