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6 Stocks to Sell in July

These high-yielding stocks should be liquidated

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Stock to Sell #2 – CenturyLink (CTL)

Integrated communications company CenturyLink (CTL) is forecast by S&P to have a 1% decline in revenues in 2013 with EBITDA margins down over 40%. Although earnings are projected to increase to $2.75 this year, up from $2.67, the stock has been supported by a 6.1% dividend yield, and that could be in jeopardy.

Half of a wide downside gap that opened in February has been covered by a rally that ended in May. But the stock failed to reverse the downtrend and instead now challenges support at $34. With buying volume diminishing and a flat MACD, CTL should be sold.

CTL Chart
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Article printed from InvestorPlace Media,

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