I was just looking over the new low list and noticed BE Aerospace, Inc. (BEAV). I wanted to single this stock out because it is breaking a key technical level while analysts are wildly enthusiastic.
According to Zacks, 10 of 12 analysts (83 percent) rank the stock with a "buy" rating. I have to wonder if some of these bulls might start questioning their stance. A look to the weekly chart below shows the stock has plunged through support near 30. This area helped contain pullbacks in August of last year and in March.
A close here would put the stock at levels not seen since early 2007. If that does spook the bulls, downgrades could be a real risk.
Chart Courtesy of Thomson Financial
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