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6 Stocks to Sell in October

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Stock to Sell #1 – Alexandria Real Estate Equities (ARE)

Alexandria Real Estate Equities (ARE) is a real estate investment trust (REIT) that focuses on office and laboratory space, which are dependent upon a strong economy and government spending — two negatives. Additionally, ARE has over 2.1 million square feet of new space under construction or development at a cost of $1.4 billion — an enormous risk. If the economy stumbles, this REIT will probably have to cut its $2.72 annual dividend (4.2% yield).

Technically, ARE is in a bear market. It triggered a death cross (long-term sell signal) in June, fell through its 200-day moving average and failed to regain it during a rally in July, and issued a sell signal from our proprietary internal indicator, the Collins-Bollinger Reversal (CBR), in September. Sell ARE at the market.

ARE Chart
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Chart Key 

Article printed from InvestorPlace Media, http://investorplace.com/2013/10/stocks-to-sell-are-aci-btu-rsh-sbr-sjt/.

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