3 Housing Stocks to Sell

Confidence is up, but these particular housing stocks are down

   

My Power Stocks System tracks the most volatile, liquid candidates for option trading or short-term stock trading each week…but along with those strong names, I uncover the duds of the stock market too. The stocks I put on sell watch are in bearish trends that still have a great deal of downside left.

Though consumer confidence in the housing market rose in February, not all housing stocks rose with it, especially companies that focus on mobile homes and RVs. I would recommend selling these names on any further weakness.

  • Toll Brothers (NYSE:TOL): Toll Brothers is trading just under its $36 resistance level, and has volatility well above average—which could manifest itself in a big gap downward.
  • Fleetwood Corp. (ASX:FWD): FWD is completely broken down. Not much downside left here.
  • Skyline (NYSE:SKY): SKY is trading about 20 cents below its $5 resistance level, with volatility about double the average.

If you’re unfortunate enough to own one of these names, take a loss now and save yourself the heartache later.

InvestorPlace advisor Ken Trester is editor of the popular Maximum Options program. Trester has been trading options since the first exchanges opened in 1973 with a winning streak that goes back to 1984 with money-doubling average annual profits since 1990.  Try Maximum Options today for 2 months for only $99.


Article printed from InvestorPlace Media, http://investorplace.com/247trader/3-housing-stocks-to-sell/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.