Stock to Sell #5 – LSI Corp. (LSI)
LSI Corp. (NYSE:LSI), a manufacturer of storage and networking semiconductors, is expected to earn 58 cents this year, up from 15 cents in 2011. But there is a high risk of the company not making its target.
The recent rally from $5.59 in July appears to have stalled at a resistance line at $7.90. Buyers decreased in August, and the MACD turned to a “sell” mid-month. Sell LSI at the market with a downside target of $6.