venerdì 28 marzo 2014

Three Aggressive Reversal Plays from Consecutive Down Days

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As we end the week, let’s look at three stocks that top the  “Most Consecutive Down Days” stock scan – these can be aggressive “retracement/reversal” candidates going into next week.We’ll start in order of number of down-days (daily chart) in a row:Westport Innovations (WPRT) tops our scan with 14 down (sell) days in a row!  Shares developed a reversal and first ‘up day’ not seen since March 7th, three weeks prior.Our next candidate is Multimedia Games Holding Company (MGAM) with 11 down-days in a row:Shares have plunged in a downtrend from the $34 (divergent) swing high to the current $25.00 per share possible inflection (reversal) point.  Note the two doji candles but the addition – as of this posting – of a 12…


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