6 Stocks to Sell in March

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6 Stocks to Sell in March

The stock market’s outlook has changed with the near-term trend now uncertain. The first-of-the-month syndrome, which in January and February resulted in big gains for the major indices, fizzled on March 1. Small gains were accompanied by only average volume, whereas in January and February, triple-digit gains were accompanied by higher volume and breadth. But the bull market is still intact, and any pullback of 3% to 5% will provide both traders and investors with excellent buying opportunities.

Uncertainties are heightened by headline news, predominantly associated with “sequestration,” and that has kept many investors out of the market. But the S&P 500 has so far held above the psychologically important number of 1,500; however, the real support for the index is at 1,475. A breakdown from that zone could quickly threaten the intermediate uptrend, and if it becomes extended, could even have an impact on the major bull market advance.

For stocks to succeed in an uncertain and overbought market, the fundamental and technical outlooks for each must be ideal. The stocks on this list do not meet those requirements, and in fact, each one is seriously flawed and in danger of a sharp sell-off.

Here is our list of stocks to sell in March: 


Article printed from InvestorPlace Media, http://investorplace.com/2013/03/stocks-to-sell-bby-mhp-ovti-nfx-sfy-vrsn/.

©2014 InvestorPlace Media, LLC

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