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

Symantec (SYMC)

symc stock chart 300x225 5 Stocks to Sell in April
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Cyber security company Symantec (SYMC) dumped its CEO after less than two years on the job and SYMC looks like it will continue to pay the price in April and beyond.

SYMC stock is off 15% for the year-to-date with more weakness to come. SYMC stock enters the month trading 26% below its 52-week high and 5% below its 50-day moving average. SYMC stock is also 14.3% below its 200-day moving average. Furthermore, SYMC stock is entering a seasonally weak period of performance. SYMC stock loses an average of 0.5% in April, 0.1% in May and 2.2% in June. Relative strength is likewise weak, scoring 44 out of 100 on Thomson Reuters’ Relative Strength Indicator.

Over the last three month, SYMC stock has had 31 up days and 31 down days. The best day produced a gain of 4.9%, vs. a worst day that saw SYMC stock lose 13%. That makes SYMC earn a place with the stocks to sell this month.


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

©2014 InvestorPlace Media, LLC

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