Three Candidates for Shorts: DMND - X - TX

Yesterday, the market fell for the third consecutive day. This decrease was more severe than the previous days. Both in percentage terms and in technical terms. The DJ-30 fell below the SMA 18 days and did not have much reaction capacity. Twenty-two components of this index recorded falls in their prices, which represents more than 73%. This decline was not as significant on the Nasdaq. This index recorded only lost a little 50% of its components.

In any case, yesterday appreciate further deterioration in most technical indicators. It is very likely that the DJ-30 challenge the next level of support, located in the SMA 50 days. This is in 12,862 point, ie, 184 points below yesterday's close.

Consequently, our system detected numerous stocks with significant falls. Many of them, showing price patterns that allow to go down. Below, we show you three hot stocks.


Diamond Foods Inc. (DMND).- Price: US$ 23.78 (Var: -7.25%). Volume: 3.18 Millions of shares (daily MA: 3.71M). Start a new leg down. Is ready to go to new low at US$ 21.40. 
US Steel Corp.  (X).- Price: US$ 29.47 (Var: - 5.82%). Volume: 17.92 Millions of shares (daily MA: 10.19M). Continue to fall with high volume. Next stop around US$ 24.75.
Ternium SA  (TX).- Price: US$ 22.53 (Var: - 5.53%). Volume: 758,587 shares (daily MA: 736K). Restart a new leg down. Now, the next resistance level is around US$ 20.10. 


Free Down Trend Stock Picks includes three stocks that have experienced daytime significant price falls. These stocks have been selected from a list includes stocks that have shown the worst performance of the last 52 weeks.This means these are stocks with a medium-term downward trend.