The Stocks in Downtrend Screener takes a closer look at stocks that saw sharp weekly losses, and are now close to falling below their 200 day price average. Such stocks should have fallen by at least 4% in their share price over the week. Hindustan Foods saw among the sharpest drops, falling by over 18% in a week. There are signs the price trend may be reversing for HTFoods - it is also in the oversold by MFI screener, suggesting the price may have found its bottom. The company is in the green today.
Cera Sanitaryware was also in the downtrend screener, after the company posted lukewarm results for its third quarter. For the full screener, click here.