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The Dow index plunged over 250 points on Friday. Most stocks have posted significant losses in the month of August and may now be at or close to a bottom. It's always great to own a stock that is barely down or unchanged on a day when the markets are plummeting, but it is even better to own a stock that goes up when almost everything else is going down.

A stock that shows strength at this point might just by having a good day, but it can also be a sign that the stock has bottomed out and wants to rise. If it can go up when the markets plunge it might be even stronger when markets are less negative. Here are a few stocks worth watching for further gains based on recent strength:

Molycorp, Inc. (NYSE:MCP) shares are trading around $54.81. MCP is a rare earths company, and is based in Colorado. The shares have traded in a range between $17.74 to $79.16 in the past 52 weeks. The 50 day moving average is $55.91 and the 200 day moving average is $53.24.

Earnings estimates for MCP are $2.03 per share in 2011 and $3.85 for 2012. On Friday, MCP managed to close up 32 cents as the Dow index plunged. I haven't been bullish on the rare earth stocks for the past few months but now that the stock has dropped significantly MCP might be worth a look.

Too many people were bullish on MCP This stock appeals to me more as a trade rather than a long term holding. Buying on dips and selling when it pops might be the best strategy.

Central European Distribution Corp. (NASDAQ:CEDC) shares are trading at $7.10. CEDC is a leading beverage distribution company, based in Pennsylvania. The 50 day moving average is $8.67 and the 200 day moving average is $15.17. Earnings estimates for CEDC are 80 cents per share in 2011 and $1.23 for 2012. The 52 week range is $5.21 to $28.08. Book value is stated at $23.83. On Friday, CEDC surged up 58 cents to close at $7.10. This stock has been very volatile and also looks to be a good stock for traders.

Golden Star Resources (NYSEMKT:GSS) shares are trading at $2.65. Golden Star is a gold mining and exploration company based in Colorado. The 50 day moving average is about $2.45 and the 200 day moving average is $3.18. Earnings estimates for GSS are at 5 cents per share in 2011 and 28 cents for 2012. GSS shares moved up over 10% on Friday, when most stocks were dropping. An insider bought 100,000 shares in late August and that might have been a game changer in terms of putting in a bottom for this stock. See the insider buying here.

Dex One Corporation (DEXO) is trading around $2.46. Dex One provides business marketing solutions. The 50 day moving average is $1.96 and the 200 day moving average is $4.24. These shares have traded in a range between $1.25 to $23.95 in the last 52 weeks.

This stock has dropped substantially in the last few months so it appears insiders are doing some bargain hunting. You can see the repeated insider buying here. This stock managed to jump about 10% on Friday.

Compania de Minas Buenaventura (NYSE:BVN) shares are trading at $47.28. BVN is a gold mining and exploration company based in Peru. The 50 day moving average is about $41.32 and the 200 day moving average is $42.91. These shares have traded in a range between $35.33 to $57.20 in the last 52 weeks. Earnings estimates for BVN are at $3.74 per share in 2011 and $4.13 for 2012. BVN shares moved up 27 cents on Friday, when most stocks were dropping. More importantly is that this stock has been strong for the past couple of weeks and may have further to run.

The data is sourced from Yahoo Finance and Insidercow.com. The information and data is believed to be accurate, but no guarantees or representations are made.

Disclaimer: Rougemont is not a registered investment advisor and does not provide specific investment advice. The information contained herein is for informational purposes only.

Source: 5 Stocks Acting Strong In A Weak Market