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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 #4 – Intel Corp. (INTC)

Intel Corp. (NASDAQ:INTC) is the world’s largest manufacturer of microprocessors for PCs. Earnings have been flat with consensus estimates for 2012 at $2.38 and $2.55 in 2013. Risks are high due to the global economic slowdown.

The stock is trading in a bearish channel, and it executed a “death cross” (long-term sell signal) in August, as well as a sell signal from the MACD. Heavy selling appeared at the end of the month.

Long-term holders should sell INTC. If the low at just over $24 is broken, look for a quick sell-off to $20.

INTC Chart

Trade of the Day Chart Key

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