6 Stocks to Sell in February

Bonds, video game makers and defense stocks top this month's list

      View All  
6 Stocks to Sell in February

Stock to Sell #4 – Lockheed Martin Corp. (LMT)

Lockheed Martin Corp. (NYSE:LMT) is the world’s largest military weapons manufacturer and a significant supplier to NASA. Cutbacks in both military and NASA spending from the 2011 Budget Control Act and defense budget “sequestration” are expected to put pressure on LMT’s earnings for several years.

The stock has broken down from a bull channel on heavy volume. Although LMT could have temporary recovery rallies, it is now in a downtrend and should be sold. The next support is at $80 with resistance to rallies at $90.

02 12 sell lmt 300x207 6 Stocks to Sell in February
Click to Enlarge
 chart key 300x84 6 Stocks to Sell in February


Article printed from InvestorPlace Media, http://investorplace.com/2013/02/stocks-to-sell-atvi-cpt-diod-lmt-ttwo-bonds/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.