The Traderszone Network

Published in TZ Latest News 21 August, 2015 by The TZ Newswire Staff

Leaders Break Badly As Market Falls Into Correction

Sell signals in leading stocks proliferated Friday as the market suffered back-to-back jarring declines. Even steady leaders like Starbucks (SBUX) and Nike (NKE), which were on the IBD 50 list Friday, broke badly. Starbucks crashed 5% in huge volume and sliced through its 50-day moving average, marking a sell signal. It was also the stock’s biggest one-day point drop in its run-up and signaled a change in character for the stock.

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