2 Stocks to Sell: Telecom

Both of these stocks are duds with a lot of downside left

   

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.

I would recommend selling these names on any further weakness.

  • Echostar (NASDAQ:SATS): Echostar has popped above its $35 resistance level by $3, which could signal a possible breakout.
  • Juniper Networks (NYSE:JNPR): JNPR is trading about $2 below its $22 resistance level, with volatility slightly above average.

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 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/trester-2-stocks-to-sell-telecom/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.