Why There May Be Trouble Ahead For Albertsons

Shares of food retailer Albertsons Corporation ACI may be about to plunge.

The stock has failed at the $20.50 resistance level. It also failed at this level at the end of January and led to a meltdown. On Feb. 5, shares closed at $16.48.

Today’s move lower in the stock could mean a new downtrend has started.