Millions of People Will Soon Be Blindsided. Will You Be One of Them?

On April 20 at 7 p.m. ET, Louis Navellier and Matt McCall will reveal an event that’s about to rock the stock market and how you could use it to beat the markets by nearly 11X.

Tue, April 20 at 7:00PM ET

5 Oil Stocks to Sell

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 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 the volatility rating from my Power Stocks system should alert you to stocks that might surprise to the downside.

I would recommend selling these names on any further weakness.

  • Exxon (NYSE:XOM): XOM is bumping up against resistance at $90. Volatility is below average.
  • Occidental Petroleum (NYSE:OXY): OXY is showing what I call a “reconfirmed sell” pattern—meaning this stock has broken down from an attempt to rally up. This is one of the most reliable signals on which to take action. It’s already trending well below resistance at $84, and volatility is above average.
  • Halliburton (NYSE:HAL): Resistance for HAL is at $41, and the stock is trading about $2 below that. Volatility is well above average.
  • Schlumberger (NYSE:SLB): Resistance for SLB is at $78, and volatility is about average.
  • Rowan Companies (NYSE:RDC): RDC shows the same reconfirmed sell pattern as OXY. Resistance is at $35 and volatility is about 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, editor of the popular Maximum Options advisory service, has just 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,

©2021 InvestorPlace Media, LLC