Wave The Bear Flag: 10 Stocks In Bearish Flags

As we look around the market 3 out 4 stocks are in bearish patterns.  One of the more bearish patterns is the Bear Flag pattern.  This commonly set up with a steep drop  in price along with a consolidation period. The next leg down is usually equally to the drop in price or the length of the flagpole.  Most of the stocks I am going to show you are in the consolidation phase of this pattern.

What I like about bearish flag pattern is their reliability.  Generally when there is a sell off even in strong trending stocks, and the begin to trade below significant resistance like a 50 day MA, 200 day MA or a broken support level  it heightens the effectiveness of the pattern.  The key signal is the breakdown in the short term support consolidation which takes on somewhat upward slope.  Flat consolidations are not as predictive.  So lets take a look at some stocks that are showing the this pattern.

Coach (COH)



National Oilwell Vargo (NOV)



Harley Davidson (HOG)



Starwood Hotels (HOT)



Mosiac (MOS)



FMC Corp (FMC)



 Nordstroms (JWN)



McDonald's (MCD)



Nucore (NUE)



Wells Fargo  (WFC)



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Disclaimer: This article is intended to be informative and does not constitute a buy, hold, or sell recommendation., and should not be construed as personalized advice as it does not take into account your specific situation or objectives