It was a big RED day in the indexes today. All good breakout are either breaking down or no follow through. This has been the nature of this market. Most corrections so far have been of 3 to 4% kind. We are approaching that level now.
But at the same time lot of stocks are holding up well in this correction and they are worth watching closely.
Today’s top 5 Biggest Winners from Stockbee 50 list were DGAZ(10.74%), HMY(8.52%), IDI(5.93%), IMRS(4.55%), CJJD(4.55%)
Today’s top 5 Biggest Losers from Stockbee50 list were KITE(-17.35%), QURE(-13.98%), SRNE(-13.97%), ESPR(-12.84%), FRO(-11.58%)
Stockbee50 list can provide candidates on the long side as well as on the short side. The stocks that have gone up a lot or are extended can offer short opportunity if they breakdown. This list is updated daily.