Facebook (FB), GoPro (GPRO) and Groupon (GRPN) shoot higher on Q2 earnings beat. READ MORE

6 Stocks to Sell in February

Raise cash by selling these stocks with limited appreciation potential

      View All  

Stock to Sell #5 – MGM Resorts International (MGM)

Casino operator MGM Resorts International (NYSE:MGM) has lost money in each of the past three years.

Although the stock has bounced 75% from its October low, its future potential appears technically limited. The stock’s price is approaching a major hurdle — the convergence of two significant resistance lines between $14 and $15.

There has been high selling by insiders, and Goldman Sachs Equity Research cut their outlook for MGM to “neutral” from “buy.” Sell MGM at market.

MGM Chart
Click to Enlarge 

Chart Key 


Article printed from InvestorPlace Media, http://investorplace.com/2012/02/6-stocks-to-sell-in-february/.

©2016 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.