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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 #5 – Juniper Networks (JNPR)

Juniper Networks (NYSE:JNPR), a provider of Internet protocol (IP) networking products, had a strong earnings report in 2010, but expects a decline in earnings this year and a continued slowing of sales. An unfavorable product mix seems to be at the core of the company’s problems. 

Insiders have been strong sellers of the stock, and JNPR has fallen from over $45 in January 2011 to a current price of under $20. The recent new breakdown from a rectangle, preceded by a sell from the stochastic, renders a downside price target of $15.

JNPR Chart
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