14 Stocks Starting To Break Down

by Ryan Mallory

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.

I really like the stocks listed below (hand picked from over a 100 or so on the stock screen I used). The two that I would put at the top of the list however is Diodes (DIOD) which is forming a nice Double top over the past month and began confirming the pattern today, and then I also like United Natural Foods (UNFI) which has a nice bear flag pattern, a downward sloping 10-day moving average, and a dip below the 20-day MA in the past two sessions. 

Here are the 14 stocks starting to break down.