5 Stocks You Should Have Sold Yesterday

These bearish stocks can take a real bite out of your profits

   

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 the duds of the stock market too. The stocks I put on sell watch are in bearish trends that still have a great deal of downside left.

All of the following stocks meet that criteria. I would recommend selling these names on any further weakness. I also note how close the stock is to resistance levels, and what kind of volatility you can expect.

  • JetBlue Airways Corporation (NASDAQ:JBLU): JBLU has reached its $6 resistance level, and has an average level of volatility.
  • Novo Nordisc (NYSE:NVO): NVO just passed through a previous resistance level of $173. This stock has below-average levels of volatility.
  • SPDR Gold Trust (NYSE:GLD): GLD is still trading under an established resistance level of $162. The stock has volatility levels far below average.
  • iShares Silver Trust (NYSE:SLV): SLV is trading under its resistance level of $31, and has below-average volatility.
  • BMC Software (NYSE:BMC): BMC is trading just under its resistance level of $42, and has below-average volatility.

If you’re unfortunate enough to own one of these names, take a loss now and save yourself the heartache later.

InvestorPlace advisor Ken Trester is editor of the popular Maximum Options program. 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 Maximum Options today for 2 months for only $99.


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