6 Sinking Stocks a Bull Market Won’t Save
The bull may be back, but not all stocks are headed up
Stock to Sell #4: Monsanto Co. (MON)
|The major agricultural chemical firm Monsanto Company (NYSE: MON) double-topped in July 2009 and January 2010. It then executed a “death cross” in March, and has been in a bear market since that time. Following a two-month rally, our proprietary indicator, the Collins-Bollinger Reversal (CBR), flashed a sell at over $60 in July, and the stock promptly fell 10 points. Recent heavy selling and poor earnings continue to put pressure on the stock. Sell MON at market.
Article printed from InvestorPlace Media, http://investorplace.com/2010/10/stocks-to-sell-in-october/.
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