19 Stocks That Are Breaking Down
What we have below is a handful of stocks that 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. As I thumbed through the different charts I noticed stocks trading at its peak and finally showing some vulnerability, and on the other extreme I saw a few stocks that had been in a channel near or at its lows, before finally breaking down below those previous lows.
I don't know what it is lately, but many of the screens that I run tend to have a lot of representation from the insurance industry. All of them are primarily shorting-screens, with the exception of the screen showing stocks trading at huge discounts (but in a way that just further shows how hated this industry is to begin with, by how cheap they are relative to their book value). Other industries popping up in clumps is business services and health related stocks. Here are 19 Stocks That Are Breaking Down.