Stock to Sell #4: Barclays (BCS)
Global financial services provider Barclays Plc (NYSE: BCS), which engages in retail banking, credit cards, corporate and investment banking, and wealth management, is still suffering from the impact of the global financial crisis.
The stock is in a broad channel downtrend with resistance at the 200-day moving average at $19.25. While distribution continues at such a steady pace there is little chance of a recovery. Sell now and put the proceeds to work in a better opportunity.