These are stocks that are the opposite of Bungee Jumpers.
Gravity Defiers are upward-travelling stocks that either have...
These stocks are flying so far to the upside that they are seemingly defying gravity
and are most likely to stage a pullback. They may make good shorting candidates.
If a stock that you own shows up on this screen, you may want to consider selling
a portion of the position to lock in some profits, because the stock will not
continue to defy gravity forever.
- an ADX Value of more than 50 (which indicates
a momentum that is way overheated), OR...
- a price that is at least 40% above the 50-day exponential moving average (EMA)
Stocks in this screen are presented in descending order by the percent above
the 50-day EMA, so the stocks at the top of the table are the ones that are
defying gravity the most.
See Gravity Defiers table from several weeks ago.
AMRN was a stock that had an ADX Value of 69 on Aug10,2001 with a price that was
over 64% above its 50-day EMA. It lost 25% of its value in 6 trading days.
(As Of Aug10,2001)
A Gravity Defier with ADX Value of 69
(As of Aug20,2001)
It fell 25% in 6 trading days