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.
One stock that looks very interesting to me is Dr. Reddys Labs (RDY) which is sporting a perfect island reversal candle pattern, which leads me to believe that there is a high likelihood that we could see another leg-down in this stock in the coming days.
Here are 7 Stocks Breaking Down.© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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