6 Stocks to Sell in October

These stocks have failed to participate in the market’s five-month rally

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6 Stocks to Sell in October

Stock to Sell #1 – Anadarko Petroleum Corp. (APC)

Anadarko Petroleum Corp. (NYSE:APC) is one of the largest independent oil and gas exploration and production companies in the world. However, it has an aggressive financial profile that limits its profit potential in periods of heightened political and economic risk. Since it is more dependent on higher oil and gas prices for an increase in earnings, and analysts are predicting lower prices in the next six months, there is a mixed opinion as to the near-term outlook for APC.

Technically, the stock rose 35% from its June low to over $76, but could not hold above its 200-day moving average. A close under the support line at $69 will likely target a decline to below $60. The MACD issued a sell signal in September, and sellers appear to be accumulating. Sell APC at the market if it closes under $69.

10 12 sell apc 300x212 6 Stocks to Sell in October
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 chart key 300x84 6 Stocks to Sell in October


Article printed from InvestorPlace Media, http://investorplace.com/2012/10/stocks-to-sell-apc-cyh-esi-mos-qlgc-tecd/.

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