6 Stocks to Sell in July

Unload these non-performers and high-risk stocks on the next rally

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6 Stocks to Sell in July

Stock to Sell #3 – Deutsche Bank AG (DB)

Deutsche Bank AG (NYSE:DB), a global securities and bank holding company headquartered in Germany, has recently had its earnings downgraded by Wall Street analysts as problems in the EU intensify.

It was on our list of Stocks to Sell in May. Technically the stock completed a dreaded head-and-shoulders top on May 2, as it broke the neckline at $42.50. Since the high at the head of the formation is at $52, the approximate target for the breakdown is $32, where the stock found support in September 2011. A bounce in late June popped DB to its 50-day moving average at over $37, where it should be sold.

For speculators, DB is a candidate for a short sale. Check with your broker regarding margin and other shorting requirements, including whether the stock may be borrowed. And use a stop-loss order to protect against potentially unlimited losses.

07 12 sell db 300x209 6 Stocks to Sell in July
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Article printed from InvestorPlace Media, http://investorplace.com/2012/07/stocks-to-sell-atk-cnx-db-fdml-jcp-wlp/.

©2014 InvestorPlace Media, LLC

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