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This
list of weak stocks may prove useful in selecting short candidates and in
identifying weak sectors.
The algorithms used are found in many of the Whisper tickers that run
live during the day.
The criteria
for this stock selection stems from Paul Umansky’s trading methods.
The
stocks selected in the report are generated using the following algorithm:
-
Stock
must have had at least one times the eight-day average trading volume
-
Stock
made a new daily low in the last hour of trading
-
Stock
closed below the eight 15 minute period price average
-
Stock
closed in the bottom 10% of its daily price range
-
Stock
closed lower than yesterday
-
Stock
closed with at least 500,000 shares of volume
-
Stock
has a price greater than ten
This
report is sorted such that stocks with the greatest volume versus their
eight-day average volume are first on the list.
The list of Weak Stocks was updated as of 5/7/01.
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