Here's a look at five "toxic stocks" to avoid.
Shire(SHPG) - Get Report is showing investors a descending triangle setup. It's a sell below $162.50. Great Plains Energy (GXP) has been under selling pressure since April. The next leg lower kicks off if shares violate $26 support.
General Electric(GE) - Get Report looks corrective in the short term if shares violate $31. GE bulls should wait for lower levels to buy. Life Storage(LSI) - Get Report has spent most of the last year stuck in a downtrend. Sell the rips in this self-storage REIT. Mitsubishi UFJ Financial (MTU) is looking "toppy" thanks to a head-and-shoulders pattern. It's a sell if shares fall through $6.10.
This article was written by a staff member of TheStreet.