6 Stocks to Sell in October

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

      View All  
6 Stocks to Sell in October

Stock to Sell #4 – The Mosaic Company (MOS)

The Mosaic Company (NYSE:MOS), a producer and marketer of phosphate and potash crop nutrients, missed its fiscal Q1 earnings estimate. Deutsche Bank analysts note that “the company stated that 2H12 China potash contracts will likely settle down,” meaning that nutrient demand from this major customer is falling. Analysts have cut their earnings estimates and price targets.

Technically, the stock failed to hold above a triple-top at around $60 and is currently challenging support at its 200-day moving average at $54.50. Selling is picking up, MACD issued a sell signal, and if the stock closes under its 200-day moving average, it will most likely fall to its annual low of just over $44.

10 12 sell mos 300x213 6 Stocks to Sell in October
Click to Enlarge

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/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.