6 Stocks to Sell in September

These low-quality stocks are unlikely to stage a meaningful recovery under any circumstance

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6 Stocks to Sell in September

Stock to Sell #1 – Advance Auto Parts (AAP)

Advance Auto Parts (AAP) is a specialty retailer of aftermarket auto parts. The company reported Q2 earnings that beat estimates on Aug. 13, causing the stock to pop to $84.93. However, AAP settled into a downtrend shortly after.

It then continued lower, breaking its 200-day moving average and establishing a downtrend. The selling has been accompanied by heavy volume.

I recommend selling AAP based on its poor price action. Short-sale orders should be accompanied by a stop-loss order at $85.

09 13 sell aap 300x191 6 Stocks to Sell in September
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chart key 300x84 6 Stocks to Sell in September 


Article printed from InvestorPlace Media, http://investorplace.com/2013/09/stocks-to-sell-aap-ebay-gg-mdr-ntgr-nem/.

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