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Start Cutting Exposure to These Three Names Now


Long Sprint, Gap, and Disney? They've had nice runs, but it's time to start slowly exiting.

MINYANVILLE ORIGINAL Today we want to look at three stocks we like a lot, and on a meaningful pullback would look to add. However, if you are long these names, it's time to slowly reduce some exposure.

Let us reiterate that the following three names look extremely strong and are all rated a Strong Buy (5) based on proprietary algorithm. The only argument is that we believe we can buy these names lower on a pullback. Our Countertrend Indicator is showing an approaching overbought signal. However, our indicator can go up to extremely overbought, which is rare. We do not look at RSI for overbought/oversold levels; RSI typically provides a lot of false signals.

Names below are: Sprint (S), The Gap, Inc. (GPS), and The Walt Disney Company (DIS):

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No positions in stocks mentioned.
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