14 Stocks That Are Breaking Down
What we have below is a handful of stocks that are showing signs of, or already in the process of, breaking down as the smart money seems to be leaving them in a very subtle manner. These stocks, for the most part have not seen a major hit from the market as most other stocks have to this point, but what is unique about these stocks, is that there are cracks in the dam that are starting to be noticed.
Of the 14 stocks below, Intercontinental Exchange (ICE), Flowers Foods (FLO), and Newstar Financial (NEWS) seem to me to be the best candidates. But a word of caution: the markets are extremely oversold, and I would be very cautious about getting to heavy to the short side. Instead, I would, at most, only dabble with any new short positions, because these are the types of markets that we can see major swings in both directions. Just look at today!
My best approach, is the same one that I have now outlined in numerous posts here of late, and that is to wait for a mild bounce, and then unload on to the short side, adhering always to a stop-loss strategy.
Here are 14 Stocks that are Starting to Breakdown.