Stock to Sell #4 – Equity Residential (EQR)
Equity Residential (EQR) is a REIT that owns and operates a national portfolio of apartment properties. Its dividend of $1.60 (3.17% yield) has so far been stable. But the stock price has been fluctuating around its 200-day moving average — a bearish indication.
EQR has been in a downtrend since a death cross was executed in October. Selling is increasing and MACD is overbought. Sell EQR at the market.