The tape is confusing. There are some names breaking down and others, like Visteon (VC), breaking out on the upside.
VC has been in a $95 to $110 trading range for much of the past 12 months. The stock just broke out over $110, with a strong and leading On-Balance-Volume (OBV) line and bullishly aligned (shorter moving average above the longer moving average) rising 50-day and 200-day moving averages.
This longer view, above, of VC shows a great uptrend and lengthy consolidation. Note the smooth and rising OBV line. The Moving Average Convergence Divergence oscillator is in a bullish configuration, crossing back above the zero line. The height of the consolidation on VC is $15 ($95 to $110), so that is added to the breakout at $110 -- giving us a $125 price target. Look to buy a dip of $1 to $2 in the next couple of days and use a sell-stop below $110.