57 stocks showing weakness at 52 week low
By Mark Moneymaster
November 13, 2009 12:10 PM
November 13, 2009 12:10 PM
Posted in: Short Ideas, Trading Ideas
At least 57 stocks were trading at 52 week low by Friday's mid-day trading. A majority of stocks indicating further sell-off pressure include small bankers like Allegiance Bank of North (NASDAQ: ABPA) Colonial Bancorp Inc. (NYSE: CNB), Corus Bancshares Inc. (NASDAQ: CORS), Coast Bancorp (NASDAQ: CTBP) and some other financials.
Such stocks are all trading in weak zone and all of them are showing further weakness with 50 days MA pointing lower than 200 days trailing MA.
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