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31 Stocks Breaking Down

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January 13, 2011 – Comments (0) | RELATED TICKERS: BPI , AXU , ECL

We've seen some selling this week, and we are hitting some resistance overhead in terms of where we are at in the narrow rising channel on the S&P and also with price trying to creep outside of the bollinger bands. So 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 31 Stocks Breaking Down.

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