6 Stocks to Sell in November

These underperformers pose higher-than-average risk and have seen heavy insider selling

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6 Stocks to Sell in November

Stock to Sell #2 – Celanese Corp. (CE)

Celanese Corp. (NYSE:CE) is a producer of industrial chemicals, engineered plastics and acetate fibers. Because of its international nature, it could be very sensitive to a global recession. Higher-than-expected raw material costs add to its risk.

The stock is in bear market consolidation following a breakdown from its 200-day moving average and death cross (50-day moving average crossed through 200-day moving average) in June.

Its recent rebound to close to its bear market resistance provides sellers with an excellent opportunity to liquidate. The near-term downside target is $33, but it could be headed even lower. Sell CE at the market.

11 12 sell ce 6 Stocks to Sell in November

chart key 300x84 6 Stocks to Sell in November

Article printed from InvestorPlace Media, http://investorplace.com/2012/11/stocks-to-sell-bby-ce-cmg-grmn-isil-utx/.

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