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6 Stocks to Sell in May

Weak technical picture, global turmoil should put you on defensive

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Stock to Sell #2 – Deutsche Bank AG (NYSE:DB)

Global securities and bank holding company Deutsche Bank AG (NYSE:DB), which is headquartered in Germany, recently had its earnings downgraded by Wall Street analysts as conditions worsen in the euro zone. 

Technically the stock completed a dreaded head-and-shoulders top on May 2, as it broke the neckline at $42.50. Since the high at the head of the formation is at $52, the approximate target for the breakdown is $32, where the stock found support in September.

DB Chart
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Article printed from InvestorPlace Media,

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