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Technical Setups: Winn-Dixie, Regal-Beloit

Stocks in this article: WINNEOCRBC

2010 has provided a year of volatile stock performance for Regal-Beloit (RBC), a $2.2 billion maker of electric fans used in HVAC systems and industrial applications.

While shares of the company are up around 8% year-to-date, those gains have come after a number of larger price swings that have taken RBC from large gains to losses and back in the last several months. Now, a move lower looks possible.

>>Also: 10 High-Yielding Industrial Electrical Equipment Stocks

Shares of RBC are setting up a bearish descending triangle pattern right now -- a setup that suggests shares will move lower on a breakdown below the stock's current support levels. Right now, that support level is $55, a level that's already been tested more than five times since the summer, indicating that share prices are extremely averse to moving lower.

If they do, however, a much larger downside move could be to come. Wait for that crack of the $55 level before betting against shares.

>>Also: 3 Stocks to Bet Against

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