6 Stocks to Sell in March

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6 Stocks to Sell in March

Stock to Sell #5 – Swift Energy Co. (SFY)

Swift Energy Co. (NYSE:SFY), an oil and gas exploration company, operates on properties on the U.S. Gulf Coast. Earnings estimates had shown improvement as analysts expected $0.98 in 2013 versus $0.49 in 2012, but Q4 earnings badly missed their target and annual earnings have been adjusted lower. The company had planned to shift more of its production to oil but has not been able to execute the plan.

The stock broke down from a triple-bottom at $14 in late February on high volume. Downside targets are not available, but a low at under $6 was made in 2009. Sell SFY at the market.

03 12 sell sfy 300x202 6 Stocks to Sell in March
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 chart key 300x84 6 Stocks to Sell in March

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

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