6 Stocks to Sell in May

Weak technical picture, global turmoil should put you on defensive

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6 Stocks to Sell in May

Stock to Sell #6 –St.Jude Medical (STJ)

St. Jude Medical (NYSE:STJ), a maker of cardiovascular medical devices, struggles with earnings. In 2012, it is expected to earn $3.50 per share, up from $2.52, but it has a history of earnings disappointments and its chart is negative. 

The stock failed to hold above its 200-day moving average in Q1, and its 20-day moving average broke its 50-day and 200-day moving averages. Distribution volume has been high and the stochastic recently issued a sell signal. The downside target for STJ is $33.

05 12 sell stj 300x192 6 Stocks to Sell in May
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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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