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7 Stocks That Are Breaking Down

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May 19, 2011 – Comments (0) | RELATED TICKERS: RDY , GEO , LXP

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.

One stock that looks very interesting to me is Dr. Reddys Labs (RDY) which is sporting a perfect island reversal candle pattern, which leads me to believe that there is a high likelihood that we could see another leg-down in this stock in the coming days.

Here are 7 Stocks Breaking Down.

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