Fast Money 360: A Bearish View On RadioShack Corporation (RSH)

On CNBC's Fast Money 360, Michael Pachter of Webush said that RadioShack Corporation (NYSE: RSH) is overvalued. He thinks that cellphone sales look strong, but all the other concepts of their business is declining. Mr. Pachter thinks that Best Buy (NYSE: BBY) won't buy RadioShack (RSH), and he is a seller of this stock.

Carter Worth is also bearish on RadioShack Corporation (RSH). He said that its 100-day moving average has started to flatten. The stock looks like it is stuck at $20, and there are some signs of a rollover cast. He is also a seller of RadioShack Corporation (RSH) ahead of earnings.

Jon Najarian said that the straddle in RadioShack Corporation (RSH) is pricing in a move of $2.40, which is almost 12%. He doesn't believe that RadioShack Corporation (RSH) will outperform, and he also doesn't think that someone will buy this company. Jon Najarian thinks that it would be best to stay away from this company.

RadioShack Corporation (RSH) fell 1.72% today, and closed at $20.63.