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6 Stocks to Sell in October

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Stock to Sell #3 – Peabody Energy (BTU)

Like ACI, Peabody Energy (BTU) is under attack by the government as a polluter. Investors should expect its $0.34 annual dividend (1.9% yield) to be cut.

On Sept. 27, the stock declined through its 50-day moving average on heavy volume from a recovery channel. In September, MACD issued a sell signal, even though the stock was already in an extended bear market. Sell BTU at the market.

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

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