UK stocks with the most Upside and Downside potential

From David Linton of TipsTracker.com

Today on UK-Analyst.com we bring you an exclusive report from top technical analyst and Updata CEO David Linton.

On Thursday, David published this special report, along with another looking at UK stocks which have crossed into bullish or bearish territory, on Tipstracker.com. To see both these special reports in full, and get David's weekly updates on the best tips from hundreds tracked each week, join Tipstracker.com now.

This report has been created in Updata Trader Pro where we created one scan that looks for stocks where the current trend is up and has a target at least 25% above the price. Our second scan was the opposite of this, it looks for stocks where the current trend is down and has a target 25% below the price. The box size (the only subjective thing about these charts) has been set to 10% of a 1% box size. The charts are arithmetic meaning that the nearest sensible round box size will be chosen. The trends are dictated by high and low points once the previous trend is breached. These trends are unambiguous. Up is bullish, down is bearish AT A GLANCE. This helps ensure you are taking signals with the trend and not going against it. The targets are generated from thrusts off highs (downside) or lows (upside). They are approximate. Two or more targets pointing to the same price area increases their validity. Both scans are then run on the constituents of FTSE All Share index and the results shown below.

FTSE All Share stocks with Targets 25% above the price

FTSE All Share stocks with Targets 25% below the price

Please note, this is just a selection of the downside stocks identified by David. For the full report, and another on UK stocks that have crossed into bullish or bearish territory, join Tipstracker.com.

Gem Diamonds (GEMD) is in a long term downtrend and the recent selling down trusts haven given us two targets of 110 but one has yet to be activated. A fall to 110 would take Gem Diamonds below the 2009 low.

Although Interserve (IRV) has downside targets of 146 and 132 it is the 164 target that we look to first. This is where long term support is so Interserve could well find support here. A break below 192 would activate the 132 target.

Best Wishes,

David Linton

Every week David Linton, one of the UK's best known chartists, tracks hundreds of recent share tips - from red hot penny shares to blue chips - for subscribers of Tipstracker.com.

Using Updata's unique Optimised Stoploss system, David tells you each week what tips should be sold and which ones look good from a technical perspective.

To benefit from David's weekly analysis and quarterly sector reports, plus see updated charts for FTSE 100 stocks every day, join Tipstracker.com now.