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Tuesday, Aug 28
2012, 3:52 PM
The smart money is selling some upwardly mobile industrial names right now, says Seeking Alpha...
The smart money is selling some upwardly mobile industrial names right now, says Seeking Alpha contributor Kapitall. The firm screened for industrial stocks trading near their highs that were impacted by significant net institutional sales over the last quarter of at least 5% of their share float. Those Kapitall anticipates to underperform over the near term include: Avery Dennison (AVY +0.2%), Emerson Electric (EMR +0.2%), Honeywell (HON +0.4%), Lockheed Martin (LMT +0.3%), Northrop Grumman (NOC -0.2%) and Snap-on (SNA -0.1%).