Major indices finish lower amid GE earnings disappointment >>> READ MORE

5 Stocks to Sell in June

The market is making record highs, but these names sure aren't and weak technicals suggest plenty more downside to come

      View All  

Stocks to Sell: Aflac (AFL)

AFL stock stocks to sell Click to Enlarge
Source: Source: Charts courtesy of YCharts

The Aflac (AFL) duck would probably cough up a hairball if it knew how bad June was shaping up to be for AFL stock. Shares in the supplemental insurance company have lost more than 8% so far this year, and the technicals say there’s more pain to come.

Aflac stock has no price momentum. It’s 9% below its 52-week high and trailing its 50-day and 200-day moving averages by 2% and 3.5%, respectively.

Neither is Aflac stock anywhere near oversold. On a scale of 1 to 100, with 100 being the most overbought level, AFL stock has a relative strength indicator of 42. The industry average, meanwhile, stands at 51.

Finally, seasonality is not a friend to Aflac stock heading into the summer months. Based on a decade’s worth of performance, AFL stock has an implied downside next month of more than 1%, according to data from Thomson Reuters Stock Reports.

Neither sentiment nor historical performance are working in AFL’s favor these days, landing it on our list of stocks to sell.

Next Page

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC