5 Toxic Stocks to Avoid
Let's take a look at these five "toxic stocks" to sell -- and when to sell them.
Chunghwa Telecom (CHT) - Get Chunghwa Telecom Co. Ltd. Report is looking likely to add to recent selling with a continuation setup. It's a sell below $31.25. General Growth Properties (GGP) is forming a textbook example of a descending triangle pattern that triggers a sell below $24.50.
Akamai Technologies (AKAM) - Get Akamai Technologies, Inc. Report is starting to look "toppy" after its recent rally. It's a sell if shares violate $63.
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Calpine (CPN) has been stuck in a downtrending channel for most of the last year. This week's bounce lower means that you still don't want to own it. Phillips 66 (PSX) - Get Phillips 66 Report is forming a head and shoulders top. The sell signal comes on a breakdown through $82.
This article was written by a staff member of TheStreet.
