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6 Stocks to Sell in May

Weak technical picture, global turmoil should put you on defensive

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Stock to Sell #3 – Genuine Parts (GPC)

Genuine Parts (NYSE:GPC), a leading distributor of wholesale automotive parts, is struggling to maintain its technical pattern. A double-top appears to be forming and is reinforced by the falloff in volume at just above $66. 

The company recently reported slightly better-than-expected earnings, but the stock failed to have a follow-through in price. If it does not make a new high soon, GPC could break support at its 50-day moving average and plunge to around $58.

GPC Chart
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Article printed from InvestorPlace Media, http://investorplace.com/2012/05/stocks-to-sell-amat-db-gpc-gld-jnpr-stj/.

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