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.
Dell (DELL) has a a lot of intrigue, because you have a well-defined short term downtrend in the that if it breaks to the upside, you know to get out with a small loss. And if it can break through support at $14, there is a strong chance that you will see it move into the lower $13's. I would likely put my stop if I end up shorting it at just above yesterday's highs.Here are 15 Stocks Breaking Down.
Ryan (@shareplanner) specializes in swing trading strategies and is the founder of SharePlanner which he created to help and teach others on how to trade stocks better using multiple approaches and time frames. Each day you can count on Ryan to provide his trading advice as well as transparency in every trade that he makes. Ryan Mallory resides in Central Florida. More >>
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