NASDAQ (Photo credit: Wikipedia)Yesterday, the market showed a very significant recovery. The DJ-30 climbed 1.41%, the SP-500 increased 1.38% and the Nasdaq. Comp grew 1.30%. Since the beginning of the day, the bulls took control of Wall Street and not let go. The volumes were very low for such a good price increase.The major indices closed near to important resistance levels. Probably today or Monday, we'll see if the market is able to break those levels or continue to fall.
Despite a day as good as yesterday, it should remain calm and prudence. This is a game of support and resistance. The market can rise very quickly, giving the feeling of being in a growing trend. Suddenly, he encounters a resistance level that can be left out of steam. Quickly resume its way back.
So better wait and see what happens in the next few days. Nevertheless, our system has detected good stocks that have experienced good ups and downs. Below we present these stocks.
Three candidates for long.
Tractor Supply Corp. (TSCO).- Price: US$ 97.95 (Var: +6.12%). Volume: 3.86 Millions of shares (daily moving average: 0.60 M). New High wit good volume.
Sourcefire Inc. (FIRE).- Price: US$ 49.07 (Var: +5.73%). Volume: 0.67 Millions of shares (daily moving average: 0.60 M). Restart a new leg up. Next resistance level around US$ 50.45.
Glu Mobile Inc. (GLUU).- Price: US$ 4.66 (Var: +5.55%). Volume: 2.26 Millions of shares (daily moving average: 3.08 M). Good advance but is only one day.
Three candidates for short.
United Therapeutics Corp. (UTHR).- Price: US$ 42.38 (Var: -3.09%). Volume: 1.86 Millions of shares (daily moving average: 0.60 M). Continues to fall but is oversold. Next support around US$ 40.65.
First Solar Inc. (FSLR).- Price: US$ 22.00 (Var: -2.22%). Volume: 7.50 Millions of shares (daily moving average: 6.92 M). Restart a New leg down.
Diamond Foods Inc. (DMND).- Price: US$ 20.93 (Var: -1.88%). Volume: 1.01 Millions of shares (daily moving average: 1.12 M). Good fall but is oversold.
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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