4 Computer Stocks on Sell Watch

Sell these stocks on any further weakness

   

My Power Stocks System tracks the most volatile, liquid candidates for option trading or short-term stock trading each week…but along with those strong names, I uncover stocks setting up for downtrends too. You’ll probably recognize these well-known names, but a downtrend is likely on the way.

I also mention the resistance levels of these stocks so you are aware of whether a downtrend is just starting or if it’s already established. And as we all know, stocks take the stairs up and the elevator down…so a volatility rating above 20 from my Power Stocks system should alert you to stocks that might surprise to the downside.

  • Honeywell (NYSE:HON) HON has been trending up all year, and is due for a correction. Volatility for this stock is rated 11—well below the average of 20, so the move down will likely not be a sudden one.
  • IBM (NYSE:IBM) IBM lost about 8% on Friday, kicking off the downtrend. Resistance for the stock is at $208, and volatility is rated 13.
  • NCR Corp. (NYSE:NCR) NCR Corp. has been gradually dipping lower all last week. Resistance for the stock is at $28, and it has average volatility (rated 20).
  • Dell (NASDAQ:DELL) Dell is trading just below its resistance level of $14. Volatility for the stock is above average at 29.

Join us Tuesday, April 23, at 4:30 p.m. ET for a live event with Ken Trester: Use Underpriced Options to Supercharge Your Profits. Register for free now!

InvestorPlace advisor Ken Trester has launched Power Options Weekly. This brand new weekly service delivers 5 new trades to you each Friday. It’s the perfect ‘bridge’ between investing in ordinary stocks and the turbocharged world of options trading. Trester has been trading options since the first exchanges opened in 1973 with a winning streak that goes back to 1984 with money-doubling average annual profits since 1990. Try Power Options Weekly today and receive 2 weeks for the price of 1 for only $19.95.


Article printed from InvestorPlace Media, http://investorplace.com/247trader/4-computer-stocks-on-sell-watch/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.