This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Toxic Stocks to Sell Now

Portugal Telecom

We're seeing an almost identical setup in Portugal Telecom (PT) right now. Shares of the aptly named Portuguese telco have been getting slammed in the past year, with shareholders seeing their positions halved from where they traded just 12 months ago.

It's no big surprise why this stock can't catch a bid. The firm has massive exposure to the eurozone, and to Portugal in particular.

Like ALB, with shares testing resistance, it makes sense to exit this stock -- or short it!

>>4 Tech Stocks to Trade (or Not)

Portugal Telecom has bounced lower off of trend line resistance the last five times in the last year. And in between, it's even made some lower highs: shares stalled out at the 50-day moving average back in February, for instance. This stock isn't an opportunistic buy here within a stone's throw of all-time lows; instead, those lows are a signal that this stock is toxic and buyers just aren't there to prop it higher.
4 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
PT $0.54 -5.56%
USMO $16.18 -6.74%
ALB $53.11 0.00%
LOW $77.34 0.00%
AAPL $117.81 0.00%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs