Stock to Sell #1 – Amdocs Ltd. (DOX)
Amdocs Ltd. (NYSE:DOX) is a software maker for the communications, media and entertainment industries.
The stock fell in August like many other tech stocks, but never fully recovered. Its earnings fell below the fiscal Q1 Zacks’ earnings estimate, and the continuation of its business with AT&T (NYSE:T) is questionable.
Our internal indicator, the Collins-Bollinger Reversal (CBR) flashed a sell signal accompanied by high volume on Feb. 3, and a sell from the stochastic indicator. The advance from the December lows should be used as an opportunity to sell.