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Pohang Iron & Steel sell signals

|Includes: POSCO (PKX)

 Pohang Iron and Steel (NYSE:PKX) has been having some negative price trends and should go on your sell watch list of you own it.

Pohang Iron & Steel Company Ltd., manufactures hot and cold rolled steel products, heavy plate and other steel products for the construction and shipbuilding industries.
Sell Factors:
  • 80% Barchart technical sell signal
  • Trend Spotter (tm) sell signal
  • Below its 20, 50 and 100 day moving averages
  • 19.35% off its high
  • Relative Strength Index is 39.28% and falling
Jim Van Meerten is a portfolio advisor to Marketocracy Capital Management.  He shares his knowledge and experience from over 40 years of investing in stocks, mutual funds and ETFs  in his daily blog -- Barchart Portfolio Blogs.