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5 'Toxic Stocks' to Sell in 2014

Questar


We're seeing the exact same price setup in shares of mid-cap natural gas company Questar (STR - Get Report), even if the chart looks a little different at first glance. Like REGN, Questar is currently forming a downtrending channel, but in this case, the channel is bounded to the downside by two extra support levels. Don't expect support to provide a reprieve from selling, though the trend is clearly down from here.

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STR is sitting up near trendline resistance right now, which provides an optimal time to exit a position in shares. This stock has gotten swatted down on each of the last three attempts to push through the top of the channel, and with shares slipping for a fourth time, the message is pretty clear that the trendline isn't going to break this time around either.

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Momentum (at the top of the chart) has also been held down below the 70 level over the course of this setup. Expect a momentum move above 70 to lead a change in trend in STR; it's just not happening anytime soon.

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SYM TRADE IT LAST %CHG
ESGR $155.47 0.00%
REV $36.83 0.00%
REGN $511.08 0.00%
TD $42.33 0.00%
STR $21.34 0.00%

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DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

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