In trading on Tuesday, shares of Lazard Limited Class A (NYSE:LAZ) entered into overbought territory, changing hands as high as $29.80 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 Lazard Limited Class A, the RSI reading has hit 71.5 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 61.4.
Investors could look at LAZ's 71.5 reading as a sign that the recent heavy buying is in the process of winding down, which could bring a pullback in the stock. The chart below shows the one year performance of LAZ shares:
Looking at the chart above, LAZ's low point in its 52 week range is $19.04 per share, with $46.54 as the 52 week high point — that compares with a last trade of $28.21.
Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on LAZ 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.
LAZ Dividend History
* Data may be adjusted for splits; we are not responsible for data errors; always verify data with the company.
This Article's Word Cloud:ClassDaysDividendLazardLimitedPortfolioRelativeSevenabovealwaysanalysisbelowbkgImagebullishchartcompanycomparisoncouldcurrentlydatadecidedividendescapefillColorgridColorheighthighhistoryinvestigateleftLabelsEverylikelymostoverboughtpointpullbackreadingrecentresponsiblescalesharesharesshowVolumeTablestockterritorythatverifyweekwhichwithzero
Nothing in Dividend Channel is intended to be investment advice, nor does it represent the opinion of, counsel
from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you
agree to the following Full Disclaimer & Terms of Service. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20
minutes; data powered by Ticker Technologies, and Mergent. Contact Dividend Channel; Meet Our Editorial Staff.