3 stocks to consider buying as bearish sentiment recedes

Ubiquiti Inc., Catalent Inc, Mullen Automotive, Inc. are at the top of this list of down trending stocks.

Markets are mixed with Nasdaq up to 12,271, gaining 0.75%. Dow Jones trades at 33,400 after losing 0.44%.

This limbo state is reflected by market data published as United States Crude Oil Inventories beat analyst expectations of -917,000 and the previous reading of -1.28 million with new data of 2.95 million.

What is a downtrend?

The perceived tendency of a price to move in a downward direction over time. A downtrend describes the price movement of a continously depreciative financial asset over a particular time frame. In a downtrend, each successive low and peak is lower than the ones found earlier in the trend. The downtrend is therefore composed of lower swing lows and lower swing highs.

| Ubiquiti | a $86.61 (-32.54%) fall over 27 days

Having fallen 0.98% from $185.08 in the current session, Ubiquiti Inc. is now trading at $183.27. Slightly weaker but mostly flat: Ubiquiti is currently trading at $183.27 as it maintains an active range between $182.55 and $188.24. Also, the firm paid out a quarterly dividend of 60 cents per share on Tuesday, February 21st to all active shareholders as of Monday, February 13th. Eligible investors secured a quarterly dividend yield of 1.31% for this year.

| Catalent | dips to $33.3 while on an 8 day downtrend

Having fallen 4.97% from $35.04 in the current session, Catalent is now trading at $33.3. The drug manufacturer is sliding down from $35.04 to $33.3, taking a 4.97% loss as it nears the end of the session. As things stand, trading volume is at 6.66 million, above the 21-day average of 6.56 million. Catalent is scheduled to announce earnings results Monday. The consensus Earnings Per Share estimate is 0.43 and the consensus revenue estimate is $1 billion.

Catalent is scheduled to announce earnings results Monday. The consensus EPS estimate is 0.43 and the consensus revenue estimate is $1 billion.

| Mullen | a 58.5 cents (-31.11%) fall over 6 days

Having fallen 3.12% from $1.44 in the current session, Mullen is now trading at $1.4. Drifting lower, the US automotive and EV manufacturer is nearing the end of the session at $1.4 after ranging between $1.39 and $1.47 today. Mullen Automotive trades at $1.4 ahead of quarterly performance report which is scheduled to be released today.

Mullen trades at $1.4 ahead of quarterly performance report which is scheduled to be released today.