6 Stocks to Sell in February

Raise cash by selling these stocks with limited appreciation potential

Feb 6, 2012, 7:09 pm EDT | By Sam Collins, InvestorPlace Chief Technical Analyst

Stock to Sell #4 – McDermott International (MDR)

Engineering, construction and procurement company McDermott International (NYSE:MDR) focuses on designing complex offshore oil and gas projects. But its execution has been weak and earnings have declined in the past five quarters.

MDR is down 38% in the past year, but up 15% in the last month. Technically it closed a gap opened in October as huge selling dropped it to its low of the year. A rebound that closes such a gap is not unusual and is an excellent opportunity to unload this non-performer.

Note its overbought stochastic and that it is approaching a significant area of resistance between $13 and $15. Sell MDR at market.

MDR Chart
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