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6 Stocks to Sell in August

Recent rally offers opportunity to liquidate poor performers

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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.

ANF Chart

Chart Key

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