6 Stocks to Sell in August

Recent rally offers opportunity to liquidate poor performers

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6 Stocks to Sell in August

Stock to Sell #3 – Ceradyne Inc. (CRDN)

Ceradyne Inc. (NASDAQ:CRDN) makes advanced technical ceramic products for defense and automotive industries. Cutbacks in the government’s space and military programs have put pressure on earnings and the stock’s price.

In April, CRDN broke down on a breakaway gap from a triangle with its apex at just over $30. Within weeks, its 50-day moving average dropped through its 200-day moving average signaling a death cross. A three-month attempt to consolidate at above $24 failed in July, and the stock fell to its low of the year at $19.45.

The current rally is an opportunity to sell CRDN since the downtrend is intact. This stock could fall to the mid-teens.

08 06 12 sell crdn 6 Stocks to Sell in August

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Article printed from InvestorPlace Media, http://investorplace.com/2012/08/stocks-to-sell-anf-avx-crdn-gd-pc-see/.

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