In trading on Monday, shares of Life Partners Holdings Incorporated (NASDAQ:LPHI) entered into overbought territory, changing hands as high as $7.48 per share. We define overbought 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 overbought if the RSI reading rises above 70.
In the case of Life Partners Holdings Incorporated, the RSI reading has hit 70.9 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 56.2.
Investors could look at LPHI's 70.9 reading as a sign that the recent heavy buying is in the process of exhausting itself, which could bring a pullback in the stock. The chart below shows the one year performance of LPHI shares:
Looking at the chart above, LPHI's low point in its 52 week range is $3.20 per share, with $18.64 as the 52 week high point — that compares with a last trade of $7.29.
Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on LPHI 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.
LPHI Dividend History
* Data may be adjusted for splits; we are not responsible for data errors; always verify data with the company.
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