6 Stocks to Sell in April

These stocks have failed to participate in the almost unprecedented broad-based rally of Q1

      View All  

Stock to Sell #5 – Tidewater (TDW)

Although Tidewater (NYSE:TDW) operates the largest fleet of offshore supply vessels serving the international energy industry, analysts consider its shares to be overvalued compared to its peers. This is due to Tidewater’s emphasis on foreign markets where the risks are much greater than in North America.

The stock has had difficulty penetrating the resistance line at $51. Three attempts have failed, and with each failure the stock has suffered a setback. Currently, it is on its fourth try at a breakout. But volume, momentum and its stochastic are indicating that this attempt, like the others, will fail.

Short sellers should enter orders at $50 or higher with a trading target of $46.

TDW Chart
Click to Enlarge

Trade of the Day Chart Key 


Article printed from InvestorPlace Media, http://investorplace.com/2013/04/stocks-to-sell-amx-bbry-dbd-nem-tdw-vwm/.

©2016 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.