Amazon (AMZN) shares retreat after wide Q2 earnings miss >>> READ MORE

6 Stocks to Sell in September

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

      View All  

Stock to Sell #5 – Netgear (NTGR)

Netgear (NTGR) provides networking products to consumers, businesses and service providers. Slow growth expectations continue a pattern that began in 2011 with earnings of $2.41. The company earned $2.57 in 2012 and is expected to earn $2.30 this year. Estimates for 2014 are for $2.65, but credibility is low and the stock is in a bear market.

The recent high-volume break under a support line at around $29 that had held since July is confirmation that the downtrend is not over. Sell NTGR at the market.

NTGR Chart
Click to Enlarge
Chart Key 

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC