Stock to Sell #2 – CA Inc. (CA)
IT software manufacturer CA Inc. (NASDAQ:CA) had a pop recently, but in the context of its long-term chart it is approaching major resistance.
The recent rally from $20 to $26 appears to be an excellent opportunity to sell this tech stock with limited potential. Insiders have been heavy sellers during the last 12 months.
Credit Suisse Equity Research commented recently that its new product sales “disappointed again,” and several fundamental analysts have targeted its price at $24 to $26 within 12 months. Sell now.