) -- With the
making new all-time highs this week, it's more important to have exposure to
stocks than it is to be a stock picker, right? Wrong.
>>5 Rocket Stocks to Buy for Earnings Season
Even though a rising tide tends to lift all ships, the same can't be said for the boats with holes in them. Let's face it -- some stocks are downright toxic for your portfolio, even in a bull market. Those are the ones that make sense to sell sooner rather than later. Today, we'll take a technical look at
five toxic names to unload this month
To be fair, the companies I'm talking about today aren't exactly "junk."
>>5 Stocks Everyone Hates -- but You Should Love
I mean, they're not next up in line at bankruptcy court. But that's frankly irrelevant; from a technical analysis standpoint, they're some of the worst positioned names out there right now. For that reason, fundamental investors need to decide how long they're willing to take the pain if they want to hold onto these firms this summer. And for investors looking to buy one of these positions, it makes sense to wait for more favorable technical conditions (and a lower share price) before piling in.
For the unfamiliar,
is a way for investors to quantify qualitative factors, such as investor psychology, based on a stock's price action and trends. Once the domain of cloistered trading teams on Wall Street, technicals can help top traders make consistently profitable trades and can aid fundamental investors in better planning their stock execution.
>>5 Stocks Poised for Big Breakouts
So without further ado, let's take a look at
five "toxic stocks"
you should be unloading.