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16 Stocks Breaking Down



November 08, 2011 – Comments (0) | RELATED TICKERS: FOSL , SIMG.DL , AUTH.DL

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.

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