 |
 |
 |
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| Top-Ranked St. Jude Medical, Inc. Getting Very OversoldBy Dividend Channel Staff, Friday, September 23, 4:00 PM ET
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. St. Jude Medical, Inc. (NYSE:STJ) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making St. Jude Medical, Inc. an even more interesting and timely stock to look at, is the fact that in trading on Friday, shares of STJ entered into oversold territory, changing hands as low as $37.40 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of St. Jude Medical, Inc., the RSI reading has hit 29.5 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 46.9. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, STJ's recent annualized dividend of 0.84/share (paid in quarterly installments) works out to an annual yield of 2.18% based upon the recent $38.48 share price. A bullish investor could look at STJ's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on STJ is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
According to the ETF Finder at ETF Channel, STJ makes up 6.01% of the iShares Dow Jones U.S. Medical Devices Index Fund ETF (AMEX:IHI) which is trading higher by about 1% on the day Friday. See what other ETFs contain STJ » STJ operates in the Medical Instruments & Supplies sector, among companies like ResMed Inc. (NYSE:RMD) which is up about 2.2% today, and DENTSPLY International, Inc. (NASDAQ:XRAY) trading up by about 1.5%. Below is a three month price history chart comparing the stock performance of STJ, versus RMD and XRAY.
Free Trial: ''ETF CHANNEL FLEXIBLE GROWTH INVESTMENT PORTFOLIO'' The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors — anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.
Find the right mix of model portfolios today at PortfolioChannel.com
This Article's Word Cloud:
Channel
Dividend
Friday
Index
Jude
Medical
NYSE
Oversold
XRAY
about
always
among
asset
average
below
bullish
chart
coverage
data
designed
dividend
escape
even
fillColor
formula
higher
history
interesting
investors
look
most
other
oversold
performance
portfolio
price
reading
recent
share
stock
stocks
territory
that
today
trading
universe
verify
what
which
yield
| |||||||||||||
Now Playing:
Learn About The RSI
Start slideshow: