Distribution is the opposite of accumulation: large holders selling into the market. This screen lists stocks on European exchanges with Chaikin Money Flow (20) below -0.05, On Balance Volume trending down over 20 days, price under its 50-day moving average and relative strength in the bottom 10% over about three months. These are names to avoid on the long side or to consider for short setups. Prices are in euros, and the list covers stocks traded on Xetra, Euronext Paris, Euronext Amsterdam, Euronext Milan and the Madrid Stock Exchange with at least 0.5 million euros in average daily trading value.
