The 52-week Low scan

One of the scans I use each weekend helps me identify industries/sectors that are getting beat up. Often the scan produces some very clear trends – this week is no exception. Here is the scan:

http://finviz.com/screener.ashx?v=351&f=fa_pe_u40,sh_avgvol_o500,sh_price_o5,ta_highlow52w_a0to5h&ft=4&r=11

P/E under 40
Price over $5
Average Volume over 500K
0-5% above 52-week Low

This week the scan returns 19 results. The themes present in the results:

Mining, yuck
Potash, yuck
REIT, yuck
India money-center Banks, yuck

So if you look at these 4 trends, can you anticipate a meaningful recovery in any by year end? If so, which is at the top of the list?

Feedback welcome.

Disclosure: I have a trade in $POT

  • TheAverageTrader

    Potash