6 Stocks to Sell in September

The near-term trend is down, and these stocks are dangerously overpriced

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Stock to Sell #2 – Expeditors International of Washington (EXPD)

Expeditors International of Washington (NASDAQ:EXPD) provides customers with an international network for the movement of goods. It includes the positioning and forwarding of air and ocean freight.

On Aug. 6, Goldman Sachs (NYSE:GS) lowered its price target and placed a “sell” recommendation on the stock. The stock is in a clearly defined bear market channel. There has been heavy selling recently, and the MACD indicator went to a “sell” in late August. Sell EXPD with a target of $30.

EXPD Chart

Trade of the Day Chart Key 

Article printed from InvestorPlace Media, http://investorplace.com/2012/09/stocks-to-sell-cgnx-expd-gs-intc-lsi-mrk/.

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