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



Saturday, March 24, 2012

Three Down Trend Stocks: FSLR - OPEN - SINA

The week ended better than it was believed. After three consecutive days of fall, on Friday the market recovered some earthy. It was really a very modest progress, but it could be worse. The deterioration experienced in the previous days, threatened to launch a major correction. And the day began with bad news and indexes quickly turned negative.

But as the hours passed, the market began to recover, ending with a small profit. Although the risk of a sharper downturn has not been exceeded, the performance on Friday gives a glimmer of hope.

Trading volume and volatility continue in a very low level. This complicates the job of finding good stocks, up and down. Our system found some stocks that are showing good situation to take short positions. Below, we show three of these stocks.

First Solar Inc. (FSLR).- Price: US$ 26.11 (Var: -3.12%). Volume: 4.86 Millions of shares (daily moving average: 6.75 M). Its ready to go to new low at US$ 25.29.
Opentable Inc. (OPEN).- Price: US$ 40.56 (Var: -1.77%). Volume: 771,189 shares (daily moving average: 1.14 M). Continue to fall but is oversold. Next stop: US$ 37.95.
Sina Corp. (SINA).- Price: US$ 69.03 (Var: -1.60%). Volume: 3.75 Millions of shares (daily moving average: 5.92 M). Been falling for five consecutive days. 


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