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.