8 Stocks Breaking Down
Its easy to ignore short opportunities in markets like these. But it is important to continue to scan for them even if you have no intention of shorting them. Market conditions can change overnight without warning and in times like these, there's no shortage of news events that can completely change the trading climate overnight.
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, as well as those that have started a nice leg down followed by consolidation and now are looking at another move toward new lows.
Here's 8 stocks that are breaking down.