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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.

Of those listed below, I'd pay close attention to Silicon Image (SIMG) which is sporting a nice rounded top and the inability to break through the 200-day MA. 

Authentec (AUTH) has a nice long-term double-top and is dropping rapidly. Wait for a bounce before going short on this one. 

Mitsubishi Financial Group (MTU) has a beautiful island gap reversal chart pattern - which is quite rare but one of the more dependable patterns. 

Here are 16 Stocks Breaking Down.

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ryan1Ryan (@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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