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 European exchanges 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 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.
