"No man can become rich without himself enriching others"
Andrew Carnegie



Tuesday, March 27, 2012

Three Candidates for Shorts: SINA - YPF - NBR

Yesterday, the market rebounded from a bad week and reached its highest level in four years. From the beginning, the major indices made ​​their way up and not later than 10.30 in the morning, had already reached their maximum values​​.

Ben Bernanke helped the market, commenting that the Fed is committed to maintaininga monetary policy that gives support to the U.S. economy. At the end of the day, the market showed a general increase, giving the impression that this path can be followed during the following days.
This situation complicate the search for potential shorts. Our system identified some.Below we present three of these stocks.


Sina Corp. (SINA).- Price: US$ 65.78 (Var: -4.71%). Volume: 7.82 Millions of shares (daily moving average: 5.85 M). Good fall with high volume. But is oversold. Next stop around US$ 60.60.
Ypf Sociedad Anonima (YPF).- Price: US$ 27.72 (Var: -3.18%). Volume: 715,215 shares (daily moving average: 1.67 M). Restart a new leg down. Next support level at US$ 25.85.
Nabors Industries Inc. (NBR).- Price: US$ 18.78 (Var: -2.54%). Volume: 12.43 Millions of shares (daily moving average: 7.56 M). Continue to fall with high volume. Next stop around US$ 16.40. 


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.

No comments:

Post a Comment