Wednesday's hot stocks: AMD, KO, X >>> READ MORE

6 Stocks to Sell in May

Weak technical picture, global turmoil should put you on defensive

    View All  

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.

STJ Chart
Click to Enlarge

Chart Key 

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC