TradingMarkets Monday Stock Movers
Today’s look at the stocks making the biggest moves in recent days reveals a market loaded with weak stocks that look to have moved too far too fast to the upside.
The market’s weakness on Monday, as news that Microsoft will walk away from its proposed acquisition of Yahoo, offers an opportunity for traders looking to bet against weak, overbought stocks. These are the stocks that are trading below their 200-day moving averages, but have been in rally mode for the past several days or few weeks.
Our research into short term stock price behavior suggests strongly that these are the stocks—