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15 Stocks Breaking Down

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June 15, 2011 – Comments (0) | RELATED TICKERS: NUAN , UL , NKE

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.

Two stocks in particular to watch is Nuance Communications (NUAN), which is putting in a head and shoulders pattern, and should drop pretty hard if it crosses below $20. The other stock is Unilever (UL) which has put in a double-top formation and is in the process of confirming it as we speak. 

Here are 15 Stocks Breaking Down.

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