6 Stocks to Sell in February

Raise cash by selling these stocks with limited appreciation potential

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6 Stocks to Sell in February

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.

02 12 sell mgm 300x181 6 Stocks to Sell in February
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Article printed from InvestorPlace Media, http://investorplace.com/2012/02/6-stocks-to-sell-in-february/.

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