Black Clouds for These Momentum Stocks

The slippage in the momentum stocks is a market condition that deserves close monitoring, and the cloud-computing stocks -- which have been beneficiaries of that positive inertia -- are showing signs of fatigue. Two enterprise cloud-computing companies, in particular, are flashing signals of technical failure and are breaking below recent levels of support.

Workday (WDAY) -- Daily Source: StockCharts.com View Chart » View in New Window »

Workday (WDAY) is an enterprise-focused cloud-software company whose stock risen about 70% since it came public a year ago. Since June of this year, the stock price has traded above a rising 50-day moving average and defined a clear uptrend line. The weekly and daily moving average convergence-divergence (MACD) lines have made bearish crossovers and are moving lower, and the money-flow indicators are showing signs of distribution....254 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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