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6 Stocks to Sell in February

Raise cash by selling these stocks with limited appreciation potential

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Stock to Sell #6 – Netflix (NFLX)

An embarrassing miscalculation on customer pricing led to Netflix’s (NASDAQ:NFLX) decline from $300 in July to under $65 in November. Since then, management has tried to attract new customers, but weaker-than-expected subscriber growth and competition for streaming services from Verizon (NYSE:VZ), Redbox and others has diminished the company’s potential.

Technically NFLX has doubled from its low and is now at a significant resistance line. Its stochastic is overbought, buying volume is declining and insiders have been sellers. The recent rally is a good opportunity to sell this once-unique company’s stock.

NFLX Chart
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