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6 Stocks to Sell in January

These stocks are especially vulnerable in this volatile market

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Stock to Sell #2 – Check Point Software Technologies (CHKP)

Check Point Software Technologies (NYSE:CHKP), a provider of network security products, is having only moderate growth in its core business. A weaker-than-expected global growth picture and increased competition are also hurting results. Several analysts have noted CHKP’s slow growth and recently cut their estimates.

The stock failed to break through its 200-day moving average, selling is picking up, and the MACD flashed a sell signal in the first week of January. A failure to hold at its 50-day moving average at $45.70 could lead to a quick test of the saucer with support at $43 and then a run against its low at under $41.

01 13 sell chkp 300x218 6 Stocks to Sell in January
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chart key 300x84 6 Stocks to Sell in January 


Article printed from InvestorPlace Media, http://investorplace.com/2013/01/stocks-to-sell-cks-chkp-cmg-jcp-lpl-vrsn/.

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