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It's often suggested that “volume precedes price”, and for that reason it's always helpful to look at the Money Flow Index (MFI), which is essentially a volume-weighted version of the popular Relative Strength indicator (RSI).

MFI is a more rigid indicator because it is volume-weighted, and is therefore a good measure of the strength of money flowing in and out of a stock. It compares "positive money flow" to "negative money flow" to create an indicator that can be compared to price in order to identify the strength or weakness of a trend.

It can be very useful to compare changes in the MFI indicator to the changes in a stock's price, since diverging patterns are often interpreted as trend reversals.

That said, no indicator should be used in isolation--use this list as a starting point for your own analysis.

All of the stocks mentioned below have seen prices decline over the last week, but the MFI(14) indicator has shown strong improvement--suggesting that these stocks are being accumulated at current levels. Full details below.

MFI(14) values sourced from StrategyDesk, all other data sourced from Finviz.

click for expanded image

The list has been sorted by the change in the MFI(14) indicator.

1. ChinaCast Education Corporation (OTCPK:CAST): Education & Training Services Industry. Market cap of $317.10M.

Latest close at $6.37 vs. a close at $6.78 five days ago (-6.05% change). MFI(14) index at 39.08 vs. MFI(14) index at 24.87 five days ago (57.14% change).

It's been a rough couple of days for the stock, losing 5.91% over the last week--currently stuck in a downtrend, trading -12.55% below its SMA20, -15.11% below its SMA50, and -7.86% below its SMA200.

2. YRC Worldwide Inc. (NASDAQ:YRCW): Trucking Industry. Market cap of $118.88M. It's been a rough couple of days for the stock, losing 26.9% over the last week.

Latest close at $2.5 vs. a close at $3.42 five days ago (-26.9% change). MFI(14) index at 30.99 vs. MFI(14) index at 20.34 five days ago (52.36% change).

This is a risky stock that is significantly more volatile than the overall market (beta = 2.78).

3. Great Southern Bancorp Inc. (NASDAQ:GSBC): Regional Bank. Market cap of $271.82M.

Latest close at $20.21 vs. a close at $21.54 five days ago (-6.17% change). MFI(14) index at 27.28 vs. MFI(14) index at 19.64 five days ago (38.9% change).

The stock is a short squeeze candidate, with a short float at 6.81% (equivalent to 28.75 days of average volume).

4. Power-One Inc. (NASDAQ:PWER): Diversified Electronics Industry. Market cap of $883.23M. It's been a rough couple of days for the stock, losing 8.71% over the last week.

Latest close at $8.28 vs. a close at $9.07 five days ago (-8.71% change). MFI(14) index at 35.61 vs. MFI(14) index at 30.13 five days ago (18.19% change).

This is a risky stock that is significantly more volatile than the overall market (beta = 2.2). The stock is also a short squeeze candidate, with a short float at 39.44% (equivalent to 6.15 days of average volume).

5. Black Box Corp. (NASDAQ:BBOX): Networking & Communication Devices Industry. Market cap of $650.02M.

Latest close at $36.6 vs. a close at $38.63 five days ago (-5.25% change). MFI(14) index at 37.13 vs. MFI(14) index at 32.04 five days ago (15.89% change).

6. Kite Realty Group Trust (NYSE:KRG): REIT. Market cap of $326.20M. The stock has lost 6.02% over the last week.

Latest close at $5.15 vs. a close at $5.48 five days ago (-6.02% change). MFI(14) index at 29.16 vs. MFI(14) index at 25.39 five days ago (14.85% change).

7. DCT Industrial Trust Inc. (NYSE:DCT): REIT. Market cap of $1.30B.

Latest close at $5.28 vs. a close at $5.51 five days ago (-4.17% change). MFI(14) index at 27.33 vs. MFI(14) index at 24.08 five days ago (13.5% change).

8. Bel Fuse Inc. (NASDAQ:BELFB): Diversified Electronics Industry. Market cap of $250.38M.

Latest close at $21.4 vs. a close at $22.05 five days ago (-2.95% change). MFI(14) index at 36.56 vs. MFI(14) index at 32.34 five days ago (13.05% change).

9. Anadigics, Inc. (NASDAQ:ANAD): Semiconductor Industry. Market cap of $337.57M. It's been a rough couple of days for the stock, losing 8.27% over the last week.

Latest close at $5.1 vs. a close at $5.56 five days ago (-8.27% change). MFI(14) index at 25.97 vs. MFI(14) index at 23.75 five days ago (9.35% change).

This is a risky stock that is significantly more volatile than the overall market (beta = 2.29).

10. Uranerz Energy Corp. (NYSEMKT:URZ): Industrial Metals & Minerals Industry. Market cap of $309.59M.

Latest close at $4.82 vs. a close at $5.09 five days ago (-5.3% change). MFI(14) index at 36.15 vs. MFI(14) index at 33.6 five days ago (7.59% change).

11. Net 1 Ueps Technologies Inc. (NASDAQ:UEPS): Business Services Industry. Market cap of $444.93M.

Latest close at $9.77 vs. a close at $10.31 five days ago (-5.24% change). MFI(14) index at 31.49 vs. MFI(14) index at 29.44 five days ago (6.96% change).

The stock is currently stuck in a downtrend, trading -5.94% below its SMA20, -13.38% below its SMA50, and -21.6% below its SMA200.

12. Avanir Pharmaceuticals (NASDAQ:AVNR): Drug Manufacturer. Market cap of $427.93M.

Latest close at $3.52 vs. a close at $3.75 five days ago (-6.13% change). MFI(14) index at 38.37 vs. MFI(14) index at 36.07 five days ago (6.38% change).

The stock is a short squeeze candidate, with a short float at 17.3% (equivalent to 6.9 days of average volume).

Source: Contrarian Ideas: 12 Beaten Up Stocks Seeing Strong Buy Volume Accumulation