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14 Stocks Starting To Break Down



February 22, 2012 – Comments (0) | RELATED TICKERS: DIOD , UNFI , NFLX

The stocks below are showing signs of, or already in the process of, breaking down as the smart money appears to be leaving them in a subtle manner. There are stocks trading at its peak and finally showing some vulnerability, while on the other extreme, there are stocks that have been in a channel near or at their lows, before finally breaking down below those lows.

I really like the stocks listed below (hand picked from over a 100 or so on the stock screen I used). The two that I would put at the top of the list however is Diodes (DIOD) which is forming a nice Double top over the past month and began confirming the pattern today, and then I also like United Natural Foods (UNFI) which has a nice bear flag pattern, a downward sloping 10-day moving average, and a dip below the 20-day MA in the past two sessions. 

Here are the 14 stocks starting to break down.

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