{"id":21901,"date":"2012-03-01T10:00:00","date_gmt":"2012-03-01T10:00:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-forming-a-downward-channel-bearish-on-mar-1\/21900\/"},"modified":"2012-03-01T10:00:00","modified_gmt":"2012-03-01T10:00:00","slug":"stocks-forming-a-downward-channel-bearish-on-mar-1","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stocks-forming-a-downward-channel-bearish-on-mar-1\/21901\/","title":{"rendered":"Stocks Forming a Downward Channel (Bearish) on Mar-1"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><!--Ad Injection mfunc mode ad include code--><!--mfunc include_once('\/mnt\/Target01\/327806\/www.thestockmarketwatch.com\/web\/content\/stock-market-news\/wp-content\/plugins\/ad-injection\/adshow.php') --><!--\/mfunc--><\/p>\n<p>These stocks are <b>channeling downwards<\/b>.  This is a bearish trend.<\/p>\n<p><b>LM Ericsson Telephone Co.<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=ERIC\">(NASDAQ:ERIC)<\/a>  is currently trading at $9.98. ERIC is trading <span style=\"color:green\">2.76%<\/span> above  its 50 day moving average and <span style=\"color:red\">-10.97%<\/span> below its 200 day moving average. ERIC is <span style=\"color:red\">-35.36%<\/span> below its 52-week high and <span style=\"color:green\">16.32%<\/span> above  its 52-week low. ERIC&#8217;s PE ratio is 17.21 and their market cap is $32.67B. <\/p>\n<p>Ericsson Telephone Company is a maker of mobile communications infrastructure equipment, which has four segments: Networks, Professional Services, Multimedia, and Phones.<\/p>\n<p><!--mfunc adshow_display_ad_file_v2(array('ad_random_1.txt'), array(100), array('align' => 'float right', 'clear' => '', 'margin_top' => '', 'margin_bottom' => '', 'padding_top' => '', 'padding_bottom' => ''), array(), array()) --><\/p>\n<div style=\"float:right;margin-left:5px;\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - in News 300 *\/\ngoogle_ad_slot = \"5684630733\";\ngoogle_ad_width = 300;\ngoogle_ad_height = 250;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/div>\n<p><!--\/mfunc--><\/p>\n<p><b>FirstEnergy Corp.<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=FE\">(NYSE:FE)<\/a>  is currently trading at $44.29. FE is trading <span style=\"color:green\">3.81%<\/span> above  its 50 day moving average and <span style=\"color:green\">3.53%<\/span> above  its 200 day moving average. FE is <span style=\"color:red\">-2.49%<\/span> below its 52-week high and <span style=\"color:green\">29.00%<\/span> above  its 52-week low. FE&#8217;s PE ratio is 18.45 and their market cap is $18.52B. <\/p>\n<p>FirstEnergy Corp. is a diversified energy company. It holds directly or indirectly, all of the outstanding common stock of its eight electric utility operating subsidiaries: OE, CEI, TE, Penn, ATSI, JCP&#038;L, Met-Ed and Penelec.<\/p>\n<p><b>Public Service Enterprise Group Inc.<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=PEG\">(NYSE:PEG)<\/a>  is currently trading at $30.78. PEG is trading <span style=\"color:red\">-0.99%<\/span> below its 50 day moving average and <span style=\"color:red\">-3.42%<\/span> below its 200 day moving average. PEG is <span style=\"color:red\">-12.31%<\/span> below its 52-week high and <span style=\"color:green\">12.38%<\/span> above  its 52-week low. PEG&#8217;s PE ratio is 11.07 and their market cap is $15.57B. <\/p>\n<p>Public Service Enterprise Group is an energy company, whose business consists of four segments, which are Power, PSE&#038;G and the two direct subsidiaries of Energy Holdings L.L.C., PSEG Global L.L.C. and PSEG Resources L.L.C.<\/p>\n<p><b>Veolia Environnement S.A.<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=VE\">(NYSE:VE)<\/a>  is currently trading at $12.13. VE is trading <span style=\"color:green\">6.71%<\/span> above  its 50 day moving average and <span style=\"color:red\">-29.54%<\/span> below its 200 day moving average. VE is <span style=\"color:red\">-62.10%<\/span> below its 52-week high and <span style=\"color:green\">19.86%<\/span> above  its 52-week low. <\/p>\n<p>Veolia Environnement iprovide the full range of environmental services in the fields of water, waste management, energy and transportation.<\/p>\n<p><b>Alcatel-Lucent S.A.<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=ALU\">(NYSE:ALU)<\/a>  is currently trading at $2.47. ALU is trading <span style=\"color:green\">30.18%<\/span> above  its 50 day moving average and <span style=\"color:red\">-23.90%<\/span> below its 200 day moving average. ALU is <span style=\"color:red\">-62.75%<\/span> below its 52-week high and <span style=\"color:green\">77.70%<\/span> above  its 52-week low. ALU&#8217;s PE ratio is 7.26 and their market cap is $5.74B. <\/p>\n<p>Alcatel-Lucent provides product offerings that enable service providers, enterprises and governments worldwide, to deliver voice, data and video communication services to end-users.<\/p>\n<p><b>Electronic Arts Inc.<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=EA\">(NASDAQ:EA)<\/a>  is currently trading at $16.34. EA&#8217;s RSI is currently at 27.37 which indicates that the stock is oversold. EA is trading <span style=\"color:red\">-13.06%<\/span> below its 50 day moving average and <span style=\"color:red\">-24.43%<\/span> below its 200 day moving average. EA is <span style=\"color:red\">-37.47%<\/span> below its 52-week high and <span style=\"color:red\">-1.63%<\/span> below its 52-week low. <\/p>\n<p>Electronic Arts, Inc. develops, markets, publishes and distributes video game software and content that could be played by consumers on a variety of platforms.<\/p>\n<p><b>Portugal Telecom SGPS SA<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=PT\">(NYSE:PT)<\/a>  is currently trading at $5.20. PT is trading <span style=\"color:red\">-5.16%<\/span> below its 50 day moving average and <span style=\"color:red\">-28.38%<\/span> below its 200 day moving average. PT is <span style=\"color:red\">-51.10%<\/span> below its 52-week high and <span style=\"color:green\">5.05%<\/span> above  its 52-week low. PT&#8217;s PE ratio is 9.29 and their market cap is $4.66B. <\/p>\n<p>Portugal Telecom SA provides telecommunications services mainly in Portugal, Brazil and certain countries in Africa, including: wireline services, which include fixed line telephone services for residential &#038; nonresidential customers.<\/p>\n<p><b>Frontier Communications Corporation<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=FTR\">(NYSE:FTR)<\/a>  is currently trading at $4.58. FTR is trading <span style=\"color:red\">-2.88%<\/span> below its 50 day moving average and <span style=\"color:red\">-25.22%<\/span> below its 200 day moving average. FTR is <span style=\"color:red\">-44.57%<\/span> below its 52-week high and <span style=\"color:green\">20.21%<\/span> above  its 52-week low. FTR&#8217;s PE ratio is 30.53 and their market cap is $4.56B. <\/p>\n<p>Frontier Communications Corporation is a communication company, which provides services to rural areas and small and medium-sized towns and cities.<\/p>\n<p><b>Cablevision Systems Corporation<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=CVC\">(NYSE:CVC)<\/a>  is currently trading at $14.23. CVC is trading <span style=\"color:red\">-2.05%<\/span> below its 50 day moving average and <span style=\"color:red\">-21.91%<\/span> below its 200 day moving average. CVC is <span style=\"color:red\">-47.51%<\/span> below its 52-week high and <span style=\"color:green\">22.99%<\/span> above  its 52-week low. CVC&#8217;s PE ratio is 14.23 and their market cap is $3.98B. <\/p>\n<p>Cablevision Systems Corporation through its subsidiary, CSC Holdings is a cable operator in the United States based on the number of basic video subscribers.<\/p>\n<p><b>Konami Corp.<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=KNM\">(NYSE:KNM)<\/a>  is currently trading at $27.54. KNM is trading <span style=\"color:green\">0.76%<\/span> above  its 50 day moving average and <span style=\"color:red\">-3.53%<\/span> below its 200 day moving average. KNM is <span style=\"color:red\">-26.01%<\/span> below its 52-week high and <span style=\"color:green\">64.52%<\/span> above  its 52-week low. KNM&#8217;s PE ratio is 15.13 and their market cap is $3.95B. <\/p>\n<p>Konami Corporationis a global developer, publisher and manufacturer of electronic entertainment properties, specializing in the home video game market. It develops, publishes, markets and distributes video game software products for stationary cosoles.<\/p>\n<p><b>Ctrip.com International Ltd.<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=CTRP\">(NASDAQ:CTRP)<\/a>  is currently trading at $27.38. CTRP is trading <span style=\"color:green\">11.38%<\/span> above  its 50 day moving average and <span style=\"color:red\">-20.10%<\/span> below its 200 day moving average. CTRP is <span style=\"color:red\">-45.86%<\/span> below its 52-week high and <span style=\"color:green\">24.34%<\/span> above  its 52-week low. CTRP&#8217;s PE ratio is 23.40 and their market cap is $3.93B. <\/p>\n<p>Ctrip.com International, Ltd. is engaged in the provision of travel related services including hotel reservation, air-ticketing, packaged-tour services, as well as, to a much lesser extent, Internet-related advertising and other related services.<\/p>\n<p><b>McDermott International Inc.<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=MDR\">(NYSE:MDR)<\/a>  is currently trading at $13.06. MDR is trading <span style=\"color:green\">5.32%<\/span> above  its 50 day moving average and <span style=\"color:red\">-10.62%<\/span> below its 200 day moving average. MDR is <span style=\"color:red\">-50.04%<\/span> below its 52-week high and <span style=\"color:green\">39.83%<\/span> above  its 52-week low. MDR&#8217;s PE ratio is 16.53 and their market cap is $3.07B. <\/p>\n<p>McDermott International, Inc. provides a number of products and services to customers in the energy and power industries, including utilities and other power generators, major and national oil companies, and the United States Government.<\/p>\n<p><b>Unit Corp.<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=UNT\">(NYSE:UNT)<\/a>  is currently trading at $47.57. UNT is trading <span style=\"color:green\">2.13%<\/span> above  its 50 day moving average and <span style=\"color:red\">-4.00%<\/span> below its 200 day moving average. UNT is <span style=\"color:red\">-25.45%<\/span> below its 52-week high and <span style=\"color:green\">41.75%<\/span> above  its 52-week low. UNT&#8217;s PE ratio is 11.66 and their market cap is $2.30B. <\/p>\n<p>Unit Corporation is engaged in the land contract drilling of natural gas and oil wells, the exploration, development, acquisition and production of oil and natural gas properties and the buying, selling, gathering, processing and treating of natural gas.<\/p>\n<p><b>Polypore International Inc.<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=PPO\">(NYSE:PPO)<\/a>  is currently trading at $41.12. PPO is trading <span style=\"color:red\">-11.29%<\/span> below its 50 day moving average and <span style=\"color:red\">-27.00%<\/span> below its 200 day moving average. PPO is <span style=\"color:red\">-44.59%<\/span> below its 52-week high and <span style=\"color:green\">12.35%<\/span> above  its 52-week low. PPO&#8217;s PE ratio is 18.44 and their market cap is $1.91B. <\/p>\n<p>A global technology filtration company which develops, manufactures and markets specialized microporous membranes used in separation and filtration processes.<\/p>\n<p><b>MEMC Electronic Materials Inc.<\/b> <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=WFR\">(NYSE:WFR)<\/a>  is currently trading at $3.93. WFR is trading <span style=\"color:red\">-12.28%<\/span> below its 50 day moving average and <span style=\"color:red\">-36.76%<\/span> below its 200 day moving average. WFR is <span style=\"color:red\">-71.52%<\/span> below its 52-week high and <span style=\"color:green\">7.67%<\/span> above  its 52-week low. <\/p>\n<p>Memc Electronic Material is engaged in the manufacture and sale of wafers and has been a pioneer in the design and development of wafer technologies.<\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/dividend-stocks\/bkcc-dsw-td-arb-dividend-stocks-update\/21971\"><br \/>\nBKCC, DSW, TD, ARB Dividend Stocks Update<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/dividend-stocks\/bkcc-dsw-td-arb-dividend-stocks-update-2\/21973\"><br \/>\nBKCC, DSW, TD, ARB Dividend Stocks Update<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/dividend-stocks\/nhs-giy-box-evm-eiv-dividend-stocks-update\/21967\"><br \/>\nNHS, GIY, BOX, EVM, EIV Dividend Stocks Update<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/dividend-stocks\/nhs-giy-box-evm-eiv-dividend-stocks-update\/21968\"><br \/>\nNHS, GIY, BOX, EVM, EIV Dividend Stocks Update<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/trending-stocks\/t-cmcsa-m-znga-cx-are-stocks-trending-up\/21963\"><br \/>\nT, CMCSA, M, ZNGA, CX are Stocks Trending Up<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/trending-stocks\/t-cmcsa-m-znga-cx-are-stocks-trending-up\/21964\"><br \/>\nT, CMCSA, M, ZNGA, CX are Stocks Trending Up<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/52-week-highs\/spy-msft-qqq-gps-aapl-hit-new-52-week-highs\/21961\"><br \/>\nSPY, MSFT, QQQ, GPS, AAPL Hit New 52-Week Highs<\/a><\/li>\n<\/ul>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/2024\/08\/3.jpg\" alt=\"Alex Fredricks\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Alex Fredricks <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<p>Alex Fredricks has a degree in business and is an avid day-trader.  Alex&#8217;s experience and love for the game of the markets is shown not only in his posts, but the post he helps edit for other authors on our staff.\n<\/p><\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>These stocks are channeling downwards. This is a bearish trend. LM Ericsson Telephone Co. (NASDAQ:ERIC) is currently trading at $9.98. [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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