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The following is a list of stocks gaining downward momentum, i.e. have had bearish MACD crossovers over the last two days (based on the MACD (12,26,9) indicator).

In addition, all of these stocks have seen worsening analyst sentiment over the last three months. Analyst ratings are presented on a linear scale, where ratings close to 1 indicate "Strong Buy" while ratings close to 5 indicate "Strong Sell". All of the stocks in this list have seen their ratings move closer towards 5 over the last 3 months, i.e. worsening analyst sentiment.

If you're a contrarian, this excessive pessimism might raise a flag. Full analysis below.

MACD signals sourced from Stockcharts.com, analyst ratings sourced from Reuters, short float and performance data sourced from Finviz.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research. Note: The numbers on top of items represent the forward P/E ratio, if available.

The list has been sorted by the change in analyst ratings over the last three months.

1. Rackspace Hosting, Inc (NYSE:RAX): Internet Software & Services Industry. Market cap of $3.76B. Current analyst rating at 2.04 vs. a rating of 1.65 three months ago. Daily MACD line(12,26,9) at 0.756. Short float at 20.29%, which implies a short ratio of 10.73 days. The stock has gained 33.48% over the last year.

2. Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD): Heavy Construction Industry. Market cap of $464.48M. Current analyst rating at 2.2 vs. a rating of 1.8 three months ago. Daily MACD line(12,26,9) at 0.197. Short float at 3.27%, which implies a short ratio of 2.97 days. The stock has gained 24.76% over the last year.

3. Momenta Pharmaceuticals Inc. (NASDAQ:MNTA): Biotechnology Industry. Market cap of $704.18M. Current analyst rating at 1.43 vs. a rating of 1.17 three months ago. Daily MACD line(12,26,9) at 0.255. Short float at 22.72%, which implies a short ratio of 10.51 days. The stock has gained 12.74% over the last year.

4. Fortinet Inc. (NASDAQ:FTNT): Computer Peripherals Industry. Market cap of $2.58B. Current analyst rating at 2 vs. a rating of 1.69 three months ago. Daily MACD line(12,26,9) at 1.114. Short float at 6.29%, which implies a short ratio of 3.96 days. The stock has gained 90.05% over the last year.

5. Tekelec (NASDAQ:TKLC): Processing Systems & Products Industry. Market cap of $827.2M. Current analyst rating at 2.86 vs. a rating of 2.43 three months ago. Daily MACD line(12,26,9) at 0.091. Short float at 3.9%, which implies a short ratio of 3.83 days. The stock has lost -25.37% over the last year.

6. AsiaInfo-Linkage,Inc. (NASDAQ:ASIA): Security Software & Services Industry. Market cap of $1.35B. Current analyst rating at 1.86 vs. a rating of 1.62 three months ago. Daily MACD line(12,26,9) at 0.392. Short float at 5.06%, which implies a short ratio of 2.53 days. The stock has lost -28.94% over the last year.

7. Ship Finance International Limited (NYSE:SFL): Shipping Industry. Market cap of $1.7B. Current analyst rating at 2.4 vs. a rating of 2.11 three months ago. Daily MACD line(12,26,9) at 0.066. Short float at 4.77%, which implies a short ratio of 7.7 days. The stock has gained 51.41% over the last year.

8. VanceInfo Technologies Inc. (NYSE:VIT): Information Technology Services Industry. Market cap of $1.43B. Current analyst rating at 1.36 vs. a rating of 1.2 three months ago. Daily MACD line(12,26,9) at -0.019. Short float at 2.86%, which implies a short ratio of 1.9 days. The stock has gained 72.64% over the last year.

9. Synchronoss Technologies, Inc. (NASDAQ:SNCR): Application Software Industry. Market cap of $908.08M. Current analyst rating at 1.9 vs. a rating of 1.71 three months ago. Daily MACD line(12,26,9) at 0.819. Short float at 6.22%, which implies a short ratio of 3.66 days. The stock has gained 57.31% over the last year.

Source: Contrarian Ideas: 9 Downtrend Stocks With Worsening Analyst Sentiment