5 Toxic Stocks to Sell in February

 

BALTIMORE (Stockpickr) -- There's really nothing worse than losing money in a bull market.

>>5 Stocks Hedge Funds Love

So yes, the market may be bouncing this week, and the trend may be "up, up, and away," but some names are looking toxic as we head deeper into February. Holding onto them could be like kryptonite for your portfolio this month, which is why were scoping out the exit signals in five big-name charts today.

To be fair, the companies I'm talking about today aren't exactly junk.

By that, I mean they're not next up in line at bankruptcy court. But that's frankly irrelevant; from a technical analysis standpoint, these toxic stocks are 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 in the weeks and months ahead. 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.

>>5 Stocks With Big Insider Buying

For the unfamiliar, technical analysis 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.

So, without further ado, let's take a look at five toxic stocks you should be unloading.

If you liked this article you might like

Jim Cramer Reveals Why He Sold Western Digital for His Charitable Trust

Gold, Google, SEC Hack - 5 Things You Must Know Before the Market Opens Thursday

Western Digital Moves to Block Toshiba's Deal With Bain Group

Toshiba Agrees to $18 Billion Deal to Sell Chip Unit to Bain Capital Group

Why Apple Is Increasingly Investing in Its Suppliers, Including Possibly Toshiba