Market Mavens – Stock Research Made Simple

3 Tech Stocks to Sell Before It’s Too Late

Source: Shutterstock Growth stocks were hot … now they’re not. And that places sectors like technology in a precarious position. October was the great unwinding of the beloved FAANG trade and many other tech stocks. How long it lasts is anyone’s guess, but for now, these names are anathema. Technical deterioration multiplied this week as sellers stuffed last week’s recovery attempts with prejudice. Long-term support levels like the 200-day moving average gave way and distribution days are continuing to add up, creating a toxic brew that is undoubtedly sickening buyers. I’ve sifted the tech sector for weak tech stocks to sell and discovered three tempting candidates. Apple (AAPL) Source: ThinkorSwim The latest earnings report from Apple (NASDAQ:AAPL) took the wind out of its sails. Tepid forward guidance was all the reason traders needed to smash the sell button on AAPL stock. Yesterday’s swoon was significant for two reasons. First, it ushered AAPL stock below the 200-day moving average for the first time since April. History teaches that bad things happen below the 200-day. And even though it’s a king among tech stocks, AAPL is not immune to the lessons of history. Second, AAPL stock’s correction officially became a bear market by reaching

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