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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
