Are Investor Saying Goodbye To MoMo Stocks for Now? (OPEN) (NFLX) (BIDU)

A number of leading momentum stocks are under heavy pressure today. Traders are citing the "Sell in May and Go Away" trade. Will it last.

Last year this trade worked well, until Mr. Bernanke's Jackson Hole speech lit a fire under the market. Stocks were higher to end the year.

Stock movement:
OpenTable, Inc. (Nasdaq: OPEN) down 5%
Baidu, Inc. (Nasdaq: BIDU) down 5%
Netflix, Inc. (Nasdaq: NFLX) down 3%
Lululemon Athletica Inc. (Nasdaq: LULU) down 3%
priceline.com Incorporated (Nasdaq: PCLN) down 3%
Chipotle Mexican Grill, Inc. (NYSE: CMG) down 2%
Amazon.com Inc. (Nasdaq: AMZN) down 2%
Travelzoo Inc. (Nasdaq: TZOO) down 1%

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