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SharePlanner (< 20)

16 Stocks That Are Breaking Down

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December 30, 2010 – Comments (2) | RELATED TICKERS: JCP , ONP , PFCB

Stocks across the board have seen huge increases over the past month and right now the market is quite frankly lulling us to sleep, which is expected during the Christmas and New Years season. But, in order to keep you interested, I thought I would run a scan of stocks that are starting to breakdown.

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.

Here are 16 Stocks Breaking Down.

2 Comments – Post Your Own

#1) On December 30, 2010 at 4:17 PM, davejh23 (< 20) wrote:

"Stocks across the board have seen huge increases over the past month and right now the market is quite frankly lulling us to sleep, which is expected during the Christmas and New Years season."

Why is this expected?  I was just looking at late December movement on the S&P over the last 10 years, and it looks like this has been the least volatile, most boring, last week of trading in many years.  I'm guessing that volatility will spike in Jan/Feb and January will be a loser.

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#2) On December 30, 2010 at 5:34 PM, SharePlanner (< 20) wrote:

Volume is low, because most people are doing other things than trading, people are on vacation, etc. But you are correct that it will get a little more exciting come January. As to whether it will be a loser or not ....who knows!

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