Four Must-See Charts of the Day

Stocks sold off sharply Friday across the board, sparked by the worst GDP number in a quarter-century.

It was the worst January ever for the Dow and the S&P 500, according to data collected by the Stock Trader's Almanac. The Dow lost 8.6% and the S&P 500 lost 8.6% last month. The Nasdaq gave up 6.4%, which is shy of January 2008's loss of 9.9% -- the worst loss in the tech average's history.

As an old adage on Wall Street goes, "the trend is your friend." Simply put, as a trader or investor, it pays to be on the right side of a trend. These days, the trend in the market is down.

One way you can identify a trend is by using technical analysis. With technical analysis, an investor can begin to identify if a stock is strong or weak, by looking at such indicators as the 50-day moving average and the 200-day moving average. If a stock is trading above those key moving averages it usually means the stock is strong and in high demand. Investors can also consider such key technical indicators as when a stock hits a new 52-week high or a 52-week low.

If a stock is making new lows it demonstrates that there is no demand for shares in the market and the stock could be heading much lower. Think of it like this: Strength attracts strength and weakness leads to more weakness.

With that in mind, let's take a look at four stocks that are hitting new 52-week lows, with charts that could be signaling much lower prices ahead (including Johnson Controls (JCI Quote)).

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