As we start a new weak of bearish price action in the stock market, let’s focus our attention on nine persistently downtrending stocks.
These nine persistently downtrending stocks could be possible short-sell retracement candidates.
Here’s the list of weak stocks downtrending in the S&P 500(NYSEARCA:SPY):
These stocks continue to show relative weakness and downtrends as defined by lower price lows with lower price highs; we also note the bearish orientation of the moving averages.
In no particular order, we note the weakness of the following:
Joy Global (JOY)
Avon Products (AVP)
US Steel (X)
Wynn Resorts (WYNN)
Keurig Green Mountain Coffee Roasters (GMCR)
The strategy would be to trade (short-sell) retracements (like bear flags) in these stocks as the trends weaken.