6 Stocks to Sell in April

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

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6 Stocks to Sell in April

Stock to Sell #6 – VMware (VMW)

VMware (NYSE:VMW), a provider of virtualization and cloud-infrastructure solutions, has, like other cloud-based equities, not performed up to expectations. Analysts continue to favor the group, but operating earnings for 2013 are expected to be only slightly above 2012′s $2.85, with consensus estimates at $3.22 per share.

In late January, the stock suffered a major collapse as it gapped through long-term support at $82 — falling to a low of $72. Its recent recovery rally ran into trouble at just above $82 after a failed attempt to close the enormous gap at $97 to $80.

Sell VMW short at $78 or higher with a target of $65. Stop-loss orders should be entered at $86. This is a highly volatile stock, and selling it short is not appropriate for everyone.

04 13 sell vmw 300x200 6 Stocks to Sell in April
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chart key 300x84 6 Stocks to Sell in April


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

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