6 Stocks to Sell in June

Long-term bull market intact, but these stocks don’t have a bright future

      View All  
6 Stocks to Sell in June

Stock to Sell #1 – AK Steel Holding Corp. (AKS)

AK Steel Holding Corp. (NYSE:AKS) is a producer of flat-rolled carbon, stainless and electrical steel products for the automotive, appliance, construction and electrical power industries.

This company is extremely cyclical and lost money in each of the past three years. A strong economy could turn it around, but projections call for more of the same poor results.

Technically the stock has been in a bear market since January 2010. The recent breakdown from a triangle and the stochastic sell indicate that AKS will head further south before making a bottom.

06 12 sell aks 300x200 6 Stocks to Sell in June
Click to Enlarge

Chart Key

Article printed from InvestorPlace Media, http://investorplace.com/2012/06/stocks-to-sell-aks-ce-chk-emr-mhp-sne/.

©2015 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.