Three Candidates for Shorts: SPRD - SODA - WLT

Yesterday, Wall Street pull back for fifth in seven days. On Wednesday the drop was slightly more pronounced. In fact, until the two p.m. seemed it would be a very bad day. But from that hour there was a certain reaction. However, yesterday's drop was quite large, both in industry and individual stocks.

This pull back is not even very serious. The three major indices closed above the SMA18 days and the major technical indicators mostrron not much damage. Again, the volume was kept at a low level and the slightly increased volatility.

Given this situation, our system detected a good number of stocks that showedsignificant drops and become in potential shorts. Below we present three of these stocks.

Spreadtrum Communications Ads. (SPRD).- Price: US$ 15.65 (Var: -6.65%). Volume: 1.01 Millions of shares (daily moving average: 1.25 M). Start a new leg down. Next stop around US$ 14.20.
SodaStream International Ltd. (SODA).- Price: US$ 32.20 (Var: -5.60%). Volume: 1.73 Millions of shares (daily moving average: 1.79 M). New low but is oversold. Next support level at US$ 29.82.
Walter Energy Inc. (WLT).- Price: US$ 57.83 (Var: -5.27%). Volume: 3.51 Millions of shares (daily moving average: 2.57 M). Good fall with high volume. Its ready to go to new low. 


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.