What we have below is a handful of stocks that 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. As I thumbed through
the different charts I noticed stocks trading at its peak and finally
showing some vulnerability, and on the other extreme I saw a few stocks
that had been in a channel near or at its lows, before finally
breaking down below those previous lows.
I don't know what it is lately, but many of the screens that I run
tend to have a lot of representation from the insurance industry. All of
them are primarily shorting-screens, with the exception of the screen
showing stocks trading at huge discounts (but in a way that just further
shows how hated this industry is to begin with, by how cheap they are
relative to their book value). Other industries popping up in clumps is
business services and health related stocks.
Here are 19 Stocks That Are Breaking Down.
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