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6 Stocks to Sell in June

Bearish technical characteristics make these stocks dangerous holdings in a volatile market

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Despite the last day of May’s dramatic sell-off, the major trend of the market is still strongly positive. However, the fact that the S&P 500 penetrated the near-term support line at 1,635, closing at 1,631, should give short-term traders reason to pause. If the S&P 500 were to continue lower, then the Key Reversal Day of May 22 will have been confirmed and stocks should test the next line of support at 1,600.

In a market that has become increasingly volatile, it is important to raise cash in order to take advantage of bargain days that accompany such volatility. The stocks on this list have various technical characteristics that make them dangerous holdings in a volatile market. Thus, selling them could be an excellent source of funds or shorting them an excellent source of profits.

Here is our list of stocks to sell in June: 


Article printed from InvestorPlace Media, http://investorplace.com/2013/06/stocks-to-sell-ati-adsk-bg-nem-nfx-utek/.

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