20 Stocks that are Breaking Down
We've seen a hint of selling here in the past few days that is leading some to believe that we may be hitting a short-term high in this market. I personally think that is way to premature, and at the very least we need to start seeing some damage done to the technicals - which at this point, hasn't even come close to happening. However, if you are looking to hedge your portfolio, or believe that there is some opportunity to be had on the downside, then look no further then the list of stocks I've provided you with here.
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 20 Stocks Breaking Down.