Stock to Sell #3: BP (BP)
BP Plc (NYSE: BP) has a "high risk profile," according to Standard & Poor’s. Following the disastrous Gulf of Mexico oil spill, the stock managed to recover from its low under $27 and rally to the 200-day moving average. This line should provide resistance to a further advance. Additionally, at $44 the recovery will have retraced 50% of its total decline — another major barrier.
Those who have held BP throughout the crisis now have the opportunity to sell and reinvest their capital in a higher-growth asset. (See 10 Crude Oil Blue Chips to Sell.)