Stock to Sell #3 – Diebold (DBD)
Diebold (NYSE:DBD) provides security systems to banks, as well as government and retail markets. Restructuring and increased investment in North American markets are limiting growth. Its CEO was recently replaced, and the new management has yet to prove itself in the area of growth and earnings stabilization.
The stock is in a long-term bear market with resistance at under $31. In January, it failed to penetrate its bearish resistance line and gapped lower from $32.50 to $30.37. The recent recovery rally appears to be running into difficulty at its bearish resistance line at $30.50.
If you own DBD, sell it at the market. Short-sellers should use a stop-loss at $32.50.