Is it possible to combine long/short in rotational trading?

Assume a universe of just 10 stocks.

Case 1:
I want to buy stocks above their 10 week MA and sell short those below 
their 10 week MA. This may not require rotational trading - just 
buy/short?

Case 2:
I want to buy the 3 stocks most above their 10 week MA and sell short 
the 3 stocks most below their 10 week MA.



Is it possible?

Steve

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