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.
Two stocks in particular to watch is Nuance Communications (NUAN), which is putting in a head and shoulders pattern, and should drop pretty hard if it crosses below $20. The other stock is Unilever (UL) which has put in a double-top formation and is in the process of confirming it as we speak.
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 with a wife of seven years as well as one lively son. More >>
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