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To compile this list we looked for stocks that experienced net mutual fund buying during the current quarter and also experienced net mutual fund selling during the previous quarter. Additionally, all of these stocks mentioned below recently saw the 50-day moving average move below the 200-day moving average – which is often called the "Death Cross".

Considering this change of sentiment by the mutual funds and the overall market – as expressed by the bearis momentum cross, which of these stocks are you most bearish about? If you're a contrarian, recent losses may raise a flag…

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1. Deer Consumer Products, Inc. (OTC:DEER): Home Furnishings & Fixtures Industry. Market cap of $318.77M. On a net basis, mutual funds bought 429.8K shares during the current quarter while they sold -373.5K shares during the previous quarter. SMA50 at $9.52 vs. SMA200 at $9.84 (price at time of writing $9.39). The stock is a short squeeze candidate, with a short float at 20.54% (equivalent to 6.39 days of average volume). The stock has had a couple of great days, gaining 24.21% over the last week.

2. Regis Corp. (NYSE:RGS): Personal Services Industry. Market cap of $972.05M. On a net basis, mutual funds bought 1.2M shares during the current quarter while they sold -1.5M shares during the previous quarter. SMA50 at $17.65 vs. SMA200 at $17.67 (price at time of writing $16.9). The stock is a short squeeze candidate, with a short float at 14.79% (equivalent to 16.98 days of average volume). The stock has lost 14.32% over the last year.

3. Zhongpin, Inc. (NASDAQ:HOGS): Food Industry. Market cap of $549.14M. On a net basis, mutual funds bought 609.8K shares during the current quarter while they sold -716.2K shares during the previous quarter. SMA50 at $16.63 vs. SMA200 at $17.37 (price at time of writing $15.46). The stock is a short squeeze candidate, with a short float at 13.24% (equivalent to 9.12 days of average volume). The stock has gained 16.77% over the last year.

4. Standard Pacific Corp. (NYSE:SPF): Residential Construction Industry. Market cap of $777.72M. On a net basis, mutual funds bought 1.1M shares during the current quarter while they sold -1.3M shares during the previous quarter. SMA50 at $3.87 vs. SMA200 at $3.95 (price at time of writing $3.77). This is a risky stock that is significantly more volatile than the overall market (beta = 2.29). The stock is a short squeeze candidate, with a short float at 11.25% (equivalent to 9.48 days of average volume). The stock has had a couple of great days, gaining 5.91% over the last week.

5. Knight Capital Group Inc. (NYSE:KCG): Investment Brokerage Industry. Market cap of $1.23B. On a net basis, mutual funds bought 3.1M shares during the current quarter while they sold -553.2K shares during the previous quarter. SMA50 at $13.39 vs. SMA200 at $13.43 (price at time of writing $13.4). The stock is a short squeeze candidate, with a short float at 9.82% (equivalent to 8.49 days of average volume). The stock has lost 11.57% over the last year.

6. Casey's General Stores Inc. (NASDAQ:CASY): Grocery Stores Industry. Market cap of $1.50B. On a net basis, mutual funds bought 948.4K shares during the current quarter while they sold -4.9M shares during the previous quarter. SMA50 at $39.52 vs. SMA200 at $40.11 (price at time of writing $38.79). The stock is a short squeeze candidate, with a short float at 8.53% (equivalent to 8.78 days of average volume). The stock has gained 1.75% over the last year.

7. Daktronics Inc. (NASDAQ:DAKT): Industrial Electrical Equipment Industry. Market cap of $447.19M. On a net basis, mutual funds bought 647.7K shares during the current quarter while they sold -1.7M shares during the previous quarter. SMA50 at $11.65 vs. SMA200 at $11.77 (price at time of writing $10.48). The stock is a short squeeze candidate, with a short float at 6.79% (equivalent to 10.95 days of average volume). The stock has had a couple of great days, gaining 5.7% over the last week.

8. First Financial Bancorp. (NASDAQ:FFBC): Regional Bank. Market cap of $946.21M. On a net basis, mutual funds bought 309.5K shares during the current quarter while they sold -2.4M shares during the previous quarter. SMA50 at $16.56 vs. SMA200 at $16.69 (price at time of writing $16.22). The stock is a short squeeze candidate, with a short float at 5.07% (equivalent to 13.88 days of average volume). The stock has lost 19.07% over the last year.

9. VanceInfo Technologies Inc. (NYSE:VIT): Information Technology Services Industry. Market cap of $1.45B. On a net basis, mutual funds bought 690.2K shares during the current quarter while they sold -74.1K shares during the previous quarter. SMA50 at $31.93 vs. SMA200 at $32.32 (price at time of writing $32.82). The stock has gained 28.75% over the last year.

10. F5 Networks, Inc. (NASDAQ:FFIV): Application Software Industry. Market cap of $8.05B. On a net basis, mutual funds bought 586.3K shares during the current quarter while they sold -2.5M shares during the previous quarter. SMA50 at $106.17 vs. SMA200 at $108.32 (price at time of writing $106.96). The stock has gained 38.93% over the last year.

11. Wausau Paper Corp. (NYSE:WPP): Paper & Paper Products Industry. Market cap of $370.52M. On a net basis, mutual funds bought 185.2K shares during the current quarter while they sold -350.0K shares during the previous quarter. SMA50 at $7.68 vs. SMA200 at $7.87 (price at time of writing $7.61). The stock has lost 23.3% over the last year.

12. PMC-Sierra Inc. (NASDAQ:PMCS): Semiconductor Industry. Market cap of $1.68B. On a net basis, mutual funds bought 10.7M shares during the current quarter while they sold -11.9M shares during the previous quarter. SMA50 at $7.65 vs. SMA200 at $7.81 (price at time of writing $7.14). The stock has lost 23.86% over the last year.

13. Staples, Inc. (NASDAQ:SPLS): Specialty Retail Industry. Market cap of $14.87B. On a net basis, mutual funds bought 7.9K shares during the current quarter while they sold -6.8M shares during the previous quarter. SMA50 at $20.45 vs. SMA200 at $20.65 (price at time of writing $20.62). The stock has lost 13.87% over the last year.

14. Nalco Holding Co. (NYSE:NLC): Synthetics Industry. Market cap of $3.69B. On a net basis, mutual funds bought 599.9K shares during the current quarter while they sold -1.9M shares during the previous quarter. SMA50 at $26.49 vs. SMA200 at $27.03 (price at time of writing $27.33). The stock has gained 5.06% over the last year.

15. Transatlantic Holdings Inc. (NYSE:TRH): Property & Casualty Insurance Industry. Market cap of $2.99B. On a net basis, mutual funds bought 738.3K shares during the current quarter while they sold -67.0K shares during the previous quarter. SMA50 at $49.37 vs. SMA200 at $49.86 (price at time of writing $47.73). The stock has lost 8.24% over the last year.

16. American Electric Power Co., Inc. (NYSE:AEP): Electric Utilities Industry. Market cap of $17.09B. On a net basis, mutual funds bought 2.9M shares during the current quarter while they sold -1.4M shares during the previous quarter. SMA50 at $35.26 vs. SMA200 at $35.28 (price at time of writing $35.42). Relatively low correlation to the market (beta = 0.59), which may be appealing to risk averse investors. The stock has gained 9.86% over the last year.

17. Ternium S.A. (NYSE:TX): Steel & Iron Industry. Market cap of $6.75B. On a net basis, mutual funds bought 2.9M shares during the current quarter while they sold -518 shares during the previous quarter. SMA50 at $35.45 vs. SMA200 at $36.18 (price at time of writing $33.63). This is a risky stock that is significantly more volatile than the overall market (beta = 2.25). Might be undervalued at current levels, with a PEG ratio at 0.71, and P/FCF ratio at 14.78. The stock has lost 9.32% over the last year.

18. Nomura Holdings Inc. (NYSE:NMR): Investment Brokerage Industry. Market cap of $18.48B. On a net basis, mutual funds bought 581.3K shares during the current quarter while they sold -56.1M shares during the previous quarter. SMA50 at $5.63 vs. SMA200 at $5.7 (price at time of writing $4.97). The stock has performed poorly over the last month, losing 13.11%.

*Mutual fund flows sourced from Fidelity and price data sourced from Finviz.

Source: Contrarian Ideas: 18 Downtrend Stocks Being Snapped Up by Mutual Funds