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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 #6 – Merck & Co. (MRK)

Merck & Co. (NYSE:MRK) is one of the world’s largest drug makers. Analysts note that the company has a number of promising drugs in its “pipeline” that could have an impact on earnings next year, but approvals have been slow. BOA Merrill Lynch recently downgraded its rating to “neutral.”

A break below $43 could result in a pullback to the low $30s. Historically MRK has been a slow-growing stock, thus it should be sold and the money repositioned into a better-performing investment.

MRK Chart

Trade of the Day Chart Key

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