Longs and Short candidates: BBY, FSLR...

Yesterday ended the worst week of the year for Wall Street. For the DJ-30 and SP-500, represent the third consecutive day of all. The determining factor for this behavior was again Europe. In recent days, questions have arisen again about the possibility that some European countries can meet their debt commitments. This week, Spain was at the center of this debate.

Most of the European Union countries are implementing fiscal policies to enable them to reduce their deficit. On the one hand, many analysts argue that these policies are not sufficient to solve the problem of these countries. Furthermore, within these countries, it is generating protest movements that are rounding up their governments. Finally, there is a risk that these policies lead Europe to a new recession.

This difficult situation is raising questions among investors, pushing stock prices down. On Thursday, the DJ-30 and SP-500 struck a level below SMA 18 days and approached the next support, located in the SMA 50 days. This, together with the behavior of other important indicators such as MACD, RSI and Stochastic, show some deterioration of the market in technical terms.

In this sense, it seems inevitable that these three indices checkpoint the next level of support located in the SMA 50 days. And this should happen in the next few days. Again, this result will determine the direction taken by the market.

Despite this situation, our system identified as good candidates for shorts and long positions. Below we present three stocks for every one of these cases.

Three candidates for long.


Great Wolf Resorts Inc.  (WOLF).- Price: US$ 6.58 (Var: +15.44%). Volume: 2.02 Millions of shares (daily moving average: 0.82 M). New high wit good volume.
Halcon Resources Corporation (HK).- Price: US$ 10.05 (Var: +8.53%). Volume: 0.45 Millions of shares (daily moving average: 0.79 M). One day reversal. Its ready to go up.
Bed, Bath and Beyond Inc. (BBBY).- Price: US$ 71.85 (Var: +8.49%). Volume: 10.64 Millions of shares (daily moving average: 2.69 M). Good advance with high volume. New High and start a new leg up.

Three candidates for short. 



Interoil Corporation (IOC).- Price: US$ 50.65 (Var: -10.08%). Volume: 1.93 Millions of shares (daily moving average: 0.80 M). Restart a new leg down. Next stop around US$ 45.75.
Pan American Silver Corp. (PAAS).- Price: US$ 20.31 (Var: -3.56%). Volume: 2.97 Millions of shares (daily moving average: 2.01 M). Its ready to new low.
First Solar Inc. (FSLR).- Price: US$ 20.98 (Var: -3.45%). Volume: 8.57 Millions of shares (daily moving average: 6.62 M). Its oversold but continue to fall.


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.