17 Stocks that are Breaking Down
Stocks across the board have seen huge increases across the board over the past week, I thought an interesting scan today would be to find those stocks that are going against the tide, especially useful if there is to be any profit-taking in the days ahead. So what I did, is run a scan of stocks 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.
Regardless if you think this market is going higher or lower in the near-term, I would make sure to add Best Buy (BBY) to your watch list as a possible short. This stock is breaking down in every time frame and could see a significant move down in the days ahead.
Here are 17 Stocks that are Breaking Down.