3 Stocks to Sell in January

The retail sector is looking particularly ugly this month

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Stocks to Sell #3: PetSmart (PETM)

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PetSmart (PETM) is another specialty retailer that had been surging higher, but now amid a slowing of same-store sales and customer traffic, is rolling over.

After a huge uptrend between 2009 and early 2012, PETM stock has been sliding sideways near $70 in a narrowing consolidation pattern. After a downgrade from Deutsche Bank analysts on Monday, PETM broke down and is now in free fall below its 200-day moving average on a surge of negative volume.

Disclosure: Anthony has recommended BBY and ODP short to his clients.

Article printed from InvestorPlace Media, http://investorplace.com/2014/01/3-stocks-to-sell-january/.

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