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22 Stocks Breaking Down



February 08, 2011 – Comments (0) | RELATED TICKERS: FLEX , IDT , DAN

The S&P is at session highs and rally highs, but as we have seen over the past seven market sessions, volume continues to dry up, and the possibility of a real pullback, considering how over extended we are, is very real. I know I'm sounding like a broken record, but hey, this is an opinion blog, so I figured I probably should continue to expound exactly what I'm thinking in regards to this market.

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 22 Stocks Breaking Down.

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