This alert was originally sent to subscribers of Action Alerts PLUS on May 20 at 9:47 a.m. EDT.
(SBL:NYSE) is trading up around $11.80 this morning, on word it signed five new contracts with the Department of Defense for its RFID products. The stock is now up 15% from its recent lows, which is the opportunity I've been looking for to cut down on my position.
After you read this note, I'm going to sell 2,000 of my 10,000 Symbol shares. Despite today's good news, Symbol has disappointed us for two straight quarters, and the company seems to have too many moving parts for it to be able to fix them all in the near term.
At the time of publication, Cramer was long Symbol.
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