Facebook (FB), GoPro (GPRO) and Groupon (GRPN) shoot higher on Q2 earnings beat. READ MORE

5 Stocks to Sell in April

The technicals are flashing warning signs on these names for the current month and beyond

      View All  

Netflix (NFLX)

NFLX stock chart
Click to Enlarge
Wall Street is concerned that Netflix’s (NFLX) red-hot profit growth is set to cool down, and that’s not helping NFLX stock. The streaming video stock got off to a strong start in 2014, topping $450 a share less than a month ago, but ever since then it’s been heading down.

NFLX stock starts the second quarter off 3% for the year-to-date and there’s ample space for it to slide further. NFLX stock is 23% below its 52-week high and 15.3% below its 50-day moving average, according to data from Thomson Reuters. It trades at a slight premium to its 200-day moving average.

But the price momentum is just not there and that suggests more weakness to come. Besides, on average NFLX stock has a monthly return for April of -1%, according to Thomson Reuters. Relative strength scores a 29 out of 100 on Thomson Reuters’ Relative Strength Indicator. That lands NFLX among the stocks to sell this month.


Article printed from InvestorPlace Media, http://investorplace.com/2014/04/stocks-to-sell-in-april/.

©2016 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.