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6 Stocks to Sell in December

These stocks are overbought or seeing heavy insider selling

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Stock to Sell #6 – Yahoo (YHOO)

Yahoo (NASDAQ:YHOO) broke from a cup-and-handle consolidation in October and ran from $16.75 to over $19. However, profit-taking should be considered here since the stock is selling at almost 17 times next year’s earnings and is over 20% above its 200-day moving average — a clear case of over-valuation. The MACD indicator flashed a sell signal in the first week of December.

Shareholders who would like to take a chance on another move up should place a trailing 10% stop-loss order under the current price in order to protect against a violent reversal.

YHOO Chart
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Trade of the Day Chart Key

Article printed from InvestorPlace Media,

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