Yesterday, the market continued to rise. The day began with an important advance. At some point, seemed that the DJ-30 would come back to the 13,000 points. However, from 11.30 in the morning, the drive lost power. This fall was such, that the DJ-30 almost ended the day without profits. In genera, the market has advanced for three consecutive days. However, progress has not been very convincing. Some stocks managed to maintain their good patterns, but others have continued their way down. Our system found a good number of stocks that not only showed significant falls. Also it was observed that many of them had good patterns to be considered as good candidates for shorts. Below, we present three of them.
YPF Sociedad Anonima (YPF).- Price: US$ 27.24 (Var: -4.52%). Volume: 1.32 Millions of shares (daily MA: 1.95M). Good short. Inexorably, heading towards US$ 25.00. Argentina ask YPF to Reinvest Earnings.
Ancestry.co Incorporated (ACOM).- Price: US$ 23.75 (Var: - 4.50%). Volume: 1.02 Millions of shares (daily MA: 1.20M). Restart anew leg down. Next Stop around US$ 22.30
Ctrip.com Internationl (CTRP).- Price: US$ 24.09 (Var: - 3.56%). Volume: 5.46 Millions of shares (daily MA: 3.37M). Good fall with nice volume. Next resistance level around US$ 22.15
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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