5 Stocks to Sell in April

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

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5 Stocks to Sell in April

Sirius XM (SIRI)

SIRI stock chart2 300x225 5 Stocks to Sell in April
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Sirius (SIRI) stock has stumbled so far this year and there’s little hope for any kind footing in April. SIRI stock is off more than 7% for the year-to-date.

On average SIRI stock adds 2% in April, but then sputters out again in May and June, according to Thomson Reuters. And even that average 2% gain comes at a price because it lags the industry by 4 percentage points. Given the technicals, it looks like SIRI stock won’t even hit that average 2% gain this month.

SIRI stock is 23% below its 52-week high and 8.4% below its 50-day moving average. The 200-day moving average is even more bearish, with SIRI stock trading 13% below that level. SIRI stock also enters the month with little relative strength, scoring a 28 out of 100 on Thomson Reuters’ Relative Strength Indicator. As such, SIRI joins the list of stocks to sell in April.


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

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