16 Stocks Breaking Down
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.
Of those listed below, I'd pay close attention to Silicon Image (SIMG) which is sporting a nice rounded top and the inability to break through the 200-day MA.
Authentec (AUTH) has a nice long-term double-top and is dropping rapidly. Wait for a bounce before going short on this one.
Mitsubishi Financial Group (MTU) has a beautiful island gap reversal chart pattern - which is quite rare but one of the more dependable patterns.
Here are 16 Stocks Breaking Down.