Stock Market News

Sell This Technology Stock Now!

It is important for investors to buy a stock at the right time, but it also is helpful to sell at the right time to produce profits and avoid huge losses.

Deciding when to sell is what separates amateur investors who focus primarily on what to buy from the professional and seasoned investors who know selling at the right time is far more important than buying at the right time. I want to buy and hold equities if they are trading above their “Neutral Zone” and trending higher, as I bet you do.

But, once a stock slips into my Neutral Zone, the odds increase significantly that the stock likely continues to move lower. If you want to buy low and sell high, then it is important to remember any stock you purchase is “just a piece of paper,” not a marriage partner.

Apple (AAPL) has become one of the hottest technology stocks on the market, but I think now is the time to sell. My trend charts let me know that now is the time to get out of Apple. I am NOT recommending that AAPL be shorted, but I do think it will go lower; so now is the time to capture profits. And… Now is NOT the time to be buying AAPL. I am sure this high-flying stock will give us a better time to buy a little further down the road.

As a rules-based trader, I know when to cut my losses or take profits and run. Apple has had a good run but now there are better stocks to buy. Keep in mind that I am looking for high-profile, highly traded stocks for when they exhibit sell signals detected by my investment tools. When a sell signal occurs, it does not matter what the historical data (technical and fundamental) show. When the signals show it is time to sell, I advise to get out now.

To find the stocks that are better to own right now than AAPL, sign up for a risk-free trial to my TurnerTrends Tools. Each week my software ranks more than 6,000 stocks and ETFs based on 12 fundamental and 5 technical ratings.

The information found below on AAPL can be found for over 6,000 stocks and ETFs. This is the most powerful stock tool you’ll find on the market. Click here now to learn more about the tools.

Read below to learn about why the time to sell Apple has arrived.

Look at the TT Tools chart for AAPL and you can see the big sell-off in AAPL today has dropped it into the Neutral Zone and it hit its stop loss. Therefore, it is time to sell AAPL, regardless of the strength of the historical data.

Apple, Inc. (NASDAQ:AAPL) has been a favorite of a great number of investors as it has climbed 32% in the past 12 months. In fact, it is up 1,070% since January 2009. The company also recently released a bundle of exciting products. Apple has more than $250 billion in cash on hand and its market capitalization is closing in on $800 billion. Despite those successes and figures, the recommendation from TurnerTrends Tools is to sell.

While Apple’s basic financial indicators may encourage investors to buy and hold, that complacent strategy will leave profits on the table that cannot be recovered in the future. Apple, of Cupertino, California, can be credited with establishing itself as a premier technology company worldwide. From the launch of its Macintosh computer in 1984, the company has followed up by introducing iPhones, iPads, Macs, Apple Watches and Apple TVs. Its four software platforms — iOS, macOS, watchOS and tvOS — connect across all Apple devices and let people use the company’s App Store, Apple Music, Apple Pay and iCloud.

Mike Turner

Mike Turner made the decision to fire his brokers and financial advisors and do it himself back in 1998. Then, he took his three decades of running advanced software development companies and applied that technical knowledge to the design and development of an entirely new stock analysis system. Mike’s financial, mathematical, computer science and engineering background serve as the foundation for his disciplined, rules-based approach to trading. He does not rely on instinct, gut-feelings, emotions, analyst opinions or hunches. Mike’s trades are based on solid fundamental, technical and time-cycle based forecasting analytics. Mike’s methodology and software systems are used to scan the universe of stocks and ETFs to find the highest scoring equities that have the greatest probability of success. Mike is a disciplined and formulaic trader and he conveys that approach to his subscribers through his services. The trade-timing tools Mike has developed cover the gamut of time cycle market forecasting, fundamental analysis and technical trends of stocks, sectors, industries and global markets. He utilizes his proprietary market-timing programs to provide him and his subscribers with trade-sensitive analysis results about when to be in the market and when to be in cash. In his book, 10: The Essential Rules for Beating the Market, Mike describes his rules-based methodology for picking the right stocks at the right time, holding those positions as long as they are making money and timing exactly when to sell to maximize net total return. The objective of Mike’s methodology is to think like a fundamentalist but trade like a technician. His book, published by Wiley and Sons, encapsulates Mike’s fundamental and technical approach to trading. Mike is the creator of the Bloomberg time-cycle forecasting system that is available to more than 330,000 Bloomberg terminals worldwide. Some of the most prestigious and influential private and governmental financial institutions in the world have used Mike’s proprietary trade-timing technology. Mike’s quant-based analysis programs are also used to produce time-cycle research and analysis for Bloomberg along with large, high-profile brokerage and financial management firms. Mike is often quoted in the prestigious Investor’s Business Daily; is an active partner and guest speaker for the CBOE (Chicago Board Options Exchange); and has been published extensively in Equities Magazine.