From failed moves come fast moves in the opposite direction. When a breakout fails quickly, the buyers who chased it are trapped, and their selling can turn a top into a sharp decline. This screen lists stocks on the Toronto Stock Exchange that set a new 52-week high within the last five trading days but now close below their 20-day moving average. Prices are in Canadian dollars, and the list covers TSX-listed stocks with at least C$1 million in average daily trading value.
