Introducing TrendBusters - who's breaking their trend line now?

I've been working on a new feature at Alert HQ. It's called TrendBusters. Here how it works.

Building on the functionality we use to produce all the other signals we offer at Alert HQ we are able to scan over 7200 stocks and ETFs and, in this case, build classic trendlines.

When testing a stock for a BUY signal, we connect the daily highs to generate a trendline and test to see whether the latest price is 5% higher than the trend line. When testing a stock for a SELL signal, we connect the daily lows to generate a trendline and test to see whether the latest price is 5% lower than the trend line.

Crossing the trendlines implies a reversal; hence, the trend has been broken; hence, TrendBusters.

The table below presents the results of our first shot at generating a list of TrendBusters. Almost all of them are SELL signals. This is looking like an effect of almost every stock in the market rallying from the March 9 low. Many of the stocks rocketed higher and established fairly steep trendlines. Now, with the market's rally slowing down, some of these stocks are beginning to fall below their trendlines.

Symbol	Name	Signal	Price	MarketCap
ABCO	The Advisory Board Company	SELL	16.48	286,900,000
ACIW	ACI Worldwide, Inc.	SELL	17.56	682,900,000
ATC	CYCLE COUNTRY ACCESSORIES CORP.	SELL	0.25	1,700,000
BELFB	Bel Fuse Inc.	SELL	14	183,300,000
BHLB	Berkshire Hills Bancorp, Inc.	SELL	22.52	322,200,000
BRS	BRISTOW GROUP, INC.	SELL	22.16	684,800,000
BWINB	Baldwin & Lyons, Inc.	SELL	18.54	311,300,000
CB	CHUBB CORPORATION	SELL	40.46	1,486,500,0000
CBU	COMMUNITY BANK SYSTEM	SELL	17.43	638,400,000
CFBK	Central Federal Corporation	SELL	2.71	13,300,000
CMCSA	Comcast Corporation	SELL	13.61	4,171,200,0000
CNMD	CONMED Corporation	SELL	12.99	477,300,000
CPO	CORN PRODUCTS INTL., INC.	SELL	20.92	174,800,0000
CRFN	Crescent Financial Corporation	SELL	3.485	36,100,000
CSFL	Centerstate Banks of Florida, Inc.	SELL	11.02	157,900,000
CXW	CORRECTIONS CORP. OF AMER	SELL	13.1	183,300,0000
CZNC	Citizens & Northern Corp	SELL	18.45	190,700,000
DCGN	deCODE genetics, Inc.	BUY	0.43	9,300,000
DGII	Digi International Inc.	SELL	7.26	197,400,000
DSW	DSW, INC CLASS A	SELL	9.73	488,200,000
DTE	DTE ENERGY COMPANY	SELL	27.93	474,100,0000
ENH	ENDURANCE SPECIALTY HOLDINGS LTD.	SELL	25	156,700,0000
ENWV	Endwave Corporation	SELL	1.8715	17,900,000
ENZ	ENZO BIOCHEM, INC.	SELL	3.99	167,900,000
FBNC	First Bancorp	SELL	11.37	199,400,000
FBSS	Fauquier Bankshares, Inc.	SELL	10.8	40,200,000
FCF	FIRST COMMONWEALTH FNCL.	SELL	9.14	894,800,000
FRME	First Merchants Corporation	SELL	11.96	270,200,000
FTGX	Fibernet Telecom Group, Inc.	SELL	10.0399	84,200,000
FULT	Fulton Financial Corporation	SELL	6.67	133,900,0000
FXCB	Fox Chase Bancorp, Inc.	SELL	9.18	137,700,000
GLG	GLG PARTNERS, INC	SELL	2.38	638,900,000
GVP	GSE SYSTEMS, INC.	SELL	5.3	92,400,000
HRAY	Hurray! Holding Co., Ltd.	SELL	1.37	30,700,000
HSJ	HEALTH CARE SELECT SECTOR INDEX ARN DUE JUNE 02, 2009	SELL	7.22	N/A
ISM	SLM CORPORATION	SELL	8.19	N/A
IST	SPDR S&P INTERNATIONAL TELECOMMUNICATIONS SECTOR	SELL	18.1604	N/A
JCDA	Jacada Ltd.	SELL	2.58	47,200,000
MBFI	MB Financial Inc.	SELL	14.52	590,400,000
MBH	MBF HEALTHCARE ACQUISITION CORP.	SELL	0	217,500,000
MCBC	Macatawa Bank Corporation	SELL	3.06	66,600,000
MDT	MEDTRONIC, INC.	SELL	29.72	3,615,300,0000
MNRTA	Monmouth Real Estate Investment Corporation	SELL	6.09	156,300,000
MOSY	MoSys, Inc.	SELL	1.74	57,400,000
MSS	SELECT 10 INDEX SRN DUE MARCH 08, 2012	SELL	3.91	N/A
MTD	METTLER-TOLEDO INTL	SELL	54.47	198,200,0000
MTR	MESA ROYALTY TRUST	SELL	27	51,400,000
NEWP	Newport Corporation	SELL	4.73	180,800,000
NOVN	Noven Pharmaceuticals, Inc.	SELL	9.66	249,600,000
NPBC	National Penn Bancshares, Inc.	SELL	8.56	809,700,000
NTE	NAM TAI ELECTRONICS, INC	SELL	3.93	N/A
NWLI	National Western Life Insurance Company	SELL	116.85	48,100,0000
OCFC	OceanFirst Financial Corp.	SELL	10.72	154,600,000
OLN	OLIN CORP.	SELL	13.56	123,600,0000
PCO	S&P 100 INDEX PPN DUE APRIL 29, 2010	SELL	9.28	N/A
PEG	PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED	SELL	28.33	1,494,700,0000
PFS	PROVIDENT FINANCIAL SERVICES, INC.	SELL	10	701,600,000
PKI	PERKINELMER, INC.	SELL	13.06	163,100,0000
PONE	Protection One, Inc.	SELL	3.22	106,600,000
PRA	PROASSURANCE CORPORATION (HOLDING COMPANY) 4	SELL	45.93	162,400,0000
PRFH	PowerShares FTSE RAFI Health Care Sector Portfolio	SELL	35.85	N/A
PROJ	Deltek, Inc.	SELL	4.05	192,300,000
PTH	POWERSHARES DYNAMIC HEALTHCARE SECTOR PORTFOLIO	SELL	17.31	N/A
RMCF	Rocky Mountain Chocolate Factory, Inc.	SELL	5.8	35,900,000
RNT	AARON RENTS, INC.	SELL	0	161,100,0000
ROCM	Rochester Medical Corporation	SELL	10.83	142,900,000
RTS	SELECT 10 INDEX SRN DUE NOVEMBER 08, 2011	SELL	4.15	N/A
SAL	SALISBURY BANCORP, INC.	SELL	22.4	38,600,000
SJW	SJW CORPORATION	SELL	24.42	472,900,000
SLE	SARA LEE CORPORATION	SELL	8.25	599,600,0000
SNV	SYNOVUS FINANCIAL CORP.	SELL	3.26	170,500,0000
STE	STERIS CORPORATION	SELL	22.95	150,900,0000
TECH	Techne Corporation	SELL	51.71	20,700,00000
TMK	TORCHMARK CORPORATION	SELL	26.28	272,600,0000
TRIB	Trinity Biotech plc	SELL	1.59	39,300,000
TRST	TrustCo Bank Corp NY	SELL	6.14	534,900,000
TWB	TWEEN BRANDS, INC.	SELL	2.3	6,700,0000
UAHC	United American Healthcare Corporation	BUY	1.64	1,300,0000
UIL	UIL HOLDINGS CORPORATION	SELL	22.26	592,100,000
UVV	UNIVERSAL CORPORATION	SELL	30.27	799,800,000
VIAP	VIA Pharmaceuticals, Inc.	SELL	0.17	3,400,000
VIRL	Virage Logic Corporation	SELL	2.87	68,500,000
VSCI	Vision-Sciences, Inc.	SELL	1.23	47,800,000
WCN	WASTE CONNECTIONS, INC.	SELL	25.59	215,100,0000
WFD	Westfield Financial, Inc.	SELL	8.8	302,200,000
WR	WESTERN ENERGY INC.	SELL	17.19	193,500,0000
WSBC	WesBanco, Inc.	SELL	19.88	632,100,000
WTBA	West Bancorporation	SELL	7.55	13,900,0000
WTNY	Whitney Holding Corporation	SELL	12.21	100,900,0000

Since this is the first TrendBusters list, we pulled in all the reversals that occurred within the last couple of weeks or so. In future lists we'll tighten up the time frame so we won't see so many repeats on the list.

Disclosure: none