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

USA Mobility

And things are even worse over at USA Mobility (USMO), the small-cap cellular company. Just in case selling pagers in 2012 wasn't a big enough hint.

USMO had been stuck in a downtrned for the last year, bouncing in a relatively shallow channel. And then earnings happened. The firm's July 31 earnings call gapped shared down substantially, shoving them below trend line support. That accelerated the downtrend - and until this stock finds another swing low, there's no telling where shares will find their next support level.

In terms of buyers and sellers, the glut of buying pressure at support completely evaporated after USMO's earnings call. That trend level where folks started thinking "USMO looks cheap" suddenly became a ghost town - one that's likely to act as resistance going forward.

If the post earnings drop wasn't enough to get you to sell shares, this chart should be.

5 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
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
PT $0.62 2.65%
USMO $20.24 -1.32%
ALB $59.05 0.00%
LOW $72.55 0.00%
AAPL $124.75 0.00%


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs