6 Sinking Stocks a Bull Market Won’t Save
The bull may be back, but not all stocks are headed up
Stock to Sell #2: Alcoa (AA)
|Aluminum producer Alcoa Inc. (NYSE: AA) is still in a bear market. Ford Research downgraded the stock on Sept. 24 to a “sell” based on a “very negative” earnings trend over the past five years. Technically the recent rally failed to reach the stock’s 200-day moving average, and the stochastic is overvalued. Alcoa has regularly underperformed the market and its competition. Sell AA at market.
Article printed from InvestorPlace Media, http://investorplace.com/2010/10/stocks-to-sell-in-october/.
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