32 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.
One industry that I believe will lead us to the downside, are the regional banks - and there is one in particular that you should pay close attention to, and that is Zion Bancorporation. The stocks has shown a willingness to trade lower, and has a nice layer of resistance right overhead that should stunt any price growth in the near-term.
Here are 32 Stocks That Are Breaking Down