I am not talking about stocks that have just "sold off lightly" or are "experiencing a pull back". No, I am talking about stocks that have gotten hammered in the last month and are down atleast 40% from their 50 day moving averages. The correct phrase would be, "look out below!"
All of the following companies have a market capitalization of atleast $500 million, trade atleast 500,000 shares a day, are priced atleast $10 a share, and are currently trading atleast 40% below their 50 day moving averages. Perhaps you will recognize some of the names...
(Note: stocks are in alphabetical order by ticker symbol)
- Allied Capital (ALD)
- B E Aerospace (BEAV)
- Chiquita Brands (CQB)
- Dillards (DDS)
- Fifth Third Bancorp (FITB)
- Fannie Mae (FNM)
- Federal Home Lending Mortgage Corp (FRE)
- General Motors (GM)
- Huntsman Corp (HUN)
- Keycorp (KEY)
- Lear Corporation (LEA)
- Lehman Brothers (LEH)
- Lennar Corp (LEN)
- Las Vegas Sands (LVS)
- Mercadolibre (MELI)
- Marshall & IIsley (MI)
- Nvidia Corp (NVDA)
- Oshkosh (OSK)
- Pacific Capital (PCBC)
- Pilgrims Pride (PPC)
- Redwood Trust (RWT)
- Smithfield Foods (SFD)
- Renesola (SOL)
- Tenneco (TEN)
- Wachovia Corp (WB)
- X L Capital (XL)
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Tough times for these guys.