By Harry Boxer
Mercadolibre Inc. /zigman2/quotes/200678442/composite MELI +4.05% has also broken down from a rising bear flag after traversing from the bottom of its channel to the top in recent weeks. The stock dropped 5.09, or 3%, to 157.82, on 2.5 million shares traded, a dramatic pick up in volume. The next level to watch is the recent low around 145.00, followed by the June low near 125.00.
See Harry's video chart analysis on these stocks.