These recently downgraded names are displaying both quantitative and technical deterioration.
Here's where the charts show this chipmaker heading.
Traders should exercise patience and wait for a dip before probing the long side.
Which one will win out?
Let's check the charts of this name as some sideways action looks likely for a while.
Every time traders think they're about to kick the ball and send the iShares Russell 2000 ETF flying, Lucy pulls the ball away and they end up flat on their backs.
ADBE may go sideways for a bit before moving higher.
Plus, a couple major stock indexes appear to be in better technical shape.
This has been a stock-pickers market: It's narrow picking on the upside, sure, but I see lots of options on the downside.
The charts advise marching in the other direction for this retailer.