Is it time to buy?
In recent weeks, there are a lot of quality oversold stocks that may suddenly bounce back when market recovers. Even if the market does not fully recover, many of these stocks will bounce back to re-test the previous support level. These can be good profit opportunities.
Here is a list of stocks that broken down their support levels (bottom up trendline) for more than 3 days in the last week. They could be good buy candidates despite this market condition: TASR, PICO, OTTR, FTI, ASEI, APC, MAS, TLAB, TPC, LHCG, JJM, FOE, CWTR, BWINB…
See the entire list of "bottom line break down" stocks, go to: http://www.screenulator.com/cgi-bin/view_screen?id=9
Note: Some of these stocks may continue go down before it comes back to re-test the previous support level.