6 Stocks to Sell in April

Sell these stocks to raise cash to take advantage of the broad market correction

Apr 9, 2012, 1:32 pm EDT | By Sam Collins, InvestorPlace Chief Technical Analyst

Stock to Sell #5 – Federal-Mogul Corp. (FDML)

Federal-Mogul Corp. (NASDAQ:FDML), a major supplier of parts, components, modules, and systems to auto, engine, marine, railroad, and other heavy industries, had an earnings loss of 91 cents in 2011 versus a profit of $1.62 in 2010.

On a recent rally the stock failed to hold above its 50-day and 200-day moving average as huge selling drove the stock back into a bear market, and even though the stochastic is oversold it could remain oversold for an indefinite period. Sell at market.

FDML Chart
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