This Day On The Street
Continue to site
ADVERTISEMENT
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 That Are Poisoning Your Portfolio

Foot Locker

Up first is shoe and apparel retailer Foot Locker (FL - Get Report). Foot Locker has actually managed to more or less keep pace with the S&P this year, turning out gains of 7% since the first trading session of 2013. But it's the trading setup in shares that gives this stock its toxic status.

Right now, Foot Locker is forming a bearish descending triangle pattern, a price setup that's formed by a downtrending resistance level above shares and horizontal support below them. Essentially, as FL bounces in between those two technically significant price levels, it's getting squeezed closer and closer to a breakdown below that support level at $31.50. When that happens, we've got a sell signal for shares.

It's worth noting that FL's sell signal is conditional. Toxic though this stock may be, if buyers can take control of FL, it could avoid generating a sell signal. That said, momentum, measured by 14-day RSI, is on the side of sellers. The momentum gauge has been in a downtrend since August. Since momentum is a leading indicator of price, that doesn't bode very well for FL.

2 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

Check Out Our Best Services for Investors

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
FL $63.46 0.00%
FTR $5.16 0.00%
HEI $60.22 0.00%
TEN $59.75 0.00%
USAP $18.13 0.00%

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs