Stocks to watch today: CSCO, GOOGL, LB >>> READ MORE

6 Stocks to Sell in December

These stocks are overbought or seeing heavy insider selling

      View All  

Stock to Sell #3 – International Rectifier Corp. (IRF)

International Rectifier Corp. (NYSE:IRF) is a leading supplier of power semiconductors. Sales and earnings are expected to decline in 2013, and negative earnings are expected for the second consecutive year.

The stock is trading in a clear bear market channel with resistance within pennies of its close on Dec. 7. Insiders have been heavy sellers of the stock. Its MACD is overbought, and buying volume has been lower on the recent rally than selling volume in early November.

Sell IRF at the market since its next move will likely lead to a test of its support at under $14.50.

IRF Chart
Click to Enlarge

Trade of the Day Chart Key 

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC