6 Stocks to Sell in August

Recent rally offers opportunity to liquidate poor performers

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6 Stocks to Sell in August

Stock to Sell #1 – Abercrombie & Fitch (ANF)

Casual apparel retailer Abercrombie & Fitch (NYSE:ANF) has been downgraded by analysts following a decline in profit margins. The company has lost over 30% of its sales productivity since a peak in 2007.

The stock is in a bear market with tops that track its 200-day moving average and its bearish resistance line. In late July, the stock broke to a new low on a continuation gap with high volume. Sell ANF at the market.

08 06 12 sell anf 6 Stocks to Sell in August

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Article printed from InvestorPlace Media, http://investorplace.com/2012/08/stocks-to-sell-anf-avx-crdn-gd-pc-see/.

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