21 Stocks That Are Breaking Down
The market is at a key inflection point here trading at the 20-day moving average. Whether it holds or not is anyone's guess. In the past we have seen some buying come flowing in at this level, while the sell-off on 1/28 saw us break and close below the moving average. For the dip-buyers, this would be an ideal place to start propping up the market but so far today, any attempt by the bulls to rally the market has been met with extraordinary selling.
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 21 Stocks Breaking Down.