Netflix adds 5.3M subscribers in Q3 >>> READ MORE

6 Stocks to Sell in March

      View All  

Stock to Sell #2 – McGraw-Hill Companies (MHP)

McGraw-Hill Companies (NYSE:MHP), a leading global financial information company, has spun off its education business to shareholders. But costs of the separation are high, and exposure to litigation and possible loss of market share are factors that could have a long-term negative impact on the price of the separated companies.

Technically, the stock broke down from its 200-day moving average on high volume and is now in a long-term bear market.

Sell MHP short at the market since a break from $47 should result in a quick fall to the double-bottom at $42, and a break there would likely take it to the mid-30s.

MHP Chart
Click to Enlarge

Trade of the Day Chart Key 

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC