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After surging in early trading, the stock continued to decline throughout the day until last hour. Yesterday’s momentum failed to carry over, and despite the overall market being bullish, this stock showed relative weakness. As a result, I lost confidence in holding the position and decided to sell. However, the late-session rebound resulted in a doji candlestick at the close, making me wonder whether this was just a shakeout.
Strategy 1 US Value Stock Screener: Average Volume 30 Day > 20M Price x Volume > 10M Market Cap >= 200 B Price >= $20
Bought Ventas, Inc. as it somewhat meets Strategy 1 criteria.The stock has been either consolidating sideways or in a short-term downtrend. 👍 Positives MACD has