I call this custom scan from our free Research Center, “Quality Stocks Down the Most from the 50-Day Moving Average“. My latest definition of a quality stock is one that is still in the top half of its range for the year. These stocks took a hit but still have their collective necks above the water.

The scan reduces the universe using the following filters:

• Min Price: 2 (Dollars)
• Min Daily Volume: 300,000 (Shares / Day)
• Min Position in Year Range: 50 (%)
• Max Up from 50 Day SMA: -0.05 (%)

This last filter translates into how far away the stocks should be from their own 50 Day SMA. In this case the stocks must be down 1/2 a percent or more. It hurts to translate but think of ‘Max Up’ as ‘Min Down’ with a negative number.

Once it has this list of stocks the custom scanner allows you to sort on any parameter in the list. I chose to sort based on the Min Up from 50 Day SMA. Again flip this and think of ‘Min Up’ as ‘Max Down’. Sorting by this filter gives those stocks with greatest distance on the top.

Sort options:
Min Up from 50 Day SMA on top

Stock exchanges:

• NASDAQ
• New York Stock Exchange (NYSE)
• American Stock Exchange (AMEX)

Scan results as of EOD March 11th:
(link above updates daily)

1. ONSM – ONSTREAM MEDIA CORP
2. STEC – SIMPLETECH INC
3. TSTC – TELESTONE TECHNOLOGIES CORP
4. KNOT – KNOT INC
5. INAP – Internap Network Services Corporation
6. UAUA – UAL CORP COM NEW
7. VNDA – VANDA PHARMACEUTICALS INC
8. ASIA – ASIAINFO HLDGS INC
9. FMD – FIRST MARBLEHEAD CORP
10. MENT – MENTOR GRAPHICS CORP
11. LCC – U S AIRWAYS GROUP INC
12. CAL – CONTINENTAL AIRLS INC CL B
13. OMG – OM GROUP INC
14. NOVN – NOVEN PHARMACEUTICALS INC
15. BIDU – BAIDU COM INC SPON ADR REP A
16. WST – WEST PHARMACEUTICAL SVSC INC
17. TAM – TAM SA SP ADR REP PFD
18. CPTS – CONCEPTUS INC
19. NYX – NYSE GROUP INC
20. More…

More fun with this scan

• Add to your blog, web page, or news aggregator
• View in real-time

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