Discover the 3 down-trending stocks expecting further declines

Mullen Automotive, Inc., Tandem Diabetes Care, Inc., GrowGeneration Corp. are at the top of this list of down trending stocks.

Leading equity indices in the US declined as Dow Jones lost 0.33% and ended the session at 33,427. Nasdaq closed at 12,658, a 0.24% change.

Amid the market gloom, United States Existing Home Sales (Apr) came out at 4.28 million, while a consensus of analysts was expecting 4.3 million.

What is a downtrend?

The perceived tendency of a price to move in a downward direction over time. A downtrend describes the price movement of a continously depreciative financial asset over a particular time frame. In a downtrend, each successive low and peak is lower than the ones found earlier in the trend. The downtrend is therefore composed of lower swing lows and lower swing highs.

Mullen continues a 14 day downtrend; dips 10.08% today

After setting a $1 – $1.1 range, Mullen Automotive, Inc. closed the day 10.08% lower at $1.07. After ending yesterday at $1.19, Mullen Automotive declined to $1 today before closing at $1.07, thereby losing 10.08% in total. Today's trading volume was 33.72 million shares which is lower than the 21-day average of 210.93 million.

| Tandem Diabetes Care | continues a 13 day decline; dips 5.06% today

After setting a $28.03 – $29.77 range, Tandem Diabetes Care closed the day 5.06% lower at $28.12. An influx of sellers pushed the diabetes treatment med-tech developer to session lows around $28.03 while establishing a $28.03 to $29.77 session range today. Today's trading volume was 1.20 million shares which is slightly under the 21-day average of 1.48 million.

| GrowGeneration | 27.9% ($1.12) depreciation over 8 days (14 cents per day average)

After setting a $3.5 – $3.8 range, GrowGeneration closed the day 6.6% lower at $3.54. An influx of sellers pushed the retail hydroponic company to end the session lower around $3.54, while establishing a $3.5 to $3.8 session range today. Daily trading volume (1.56 million shares) was slightly greater than the current multiday average of 1.21 million.