The week began with mixed results. Bit the market was actually flat. Very low volatility and shrinking volume were the main features of yesterday. Actually, these are the characteristics of recent months. Despite this, our system detected several stocks that showed good falls. Stocks that become candidates for short positions. Below we present three of them.
Nii Holdings Inc. (NIHD).- Price: US$ 16.10 (Var: -7.15%). Volume: 5.62 Millions of shares (daily MA: 3.71M). Good fall with high volume, but is short term oversold.
First Solar Inc. (FSLR).- Price: US$ 25.83 (Var: - 6.04%). Volume: 7.02 Millions of shares (daily MA: 6.42M). Continues to fall despite being oversold.
Pan American Silver Cp. (PAAS).- Price: US$ 22.39 (Var: - 5.29%). Volume: 3.26 Millions of shares (daily MA: 1.84M). Good fall with nice volume. Next resistance level around US$ 21.00
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.
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