In trading on Tuesday, shares of Sei Investments Company (NASDAQ:SEIC) entered into overbought territory, changing hands as high as $18.24 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 Sei Investments Company, the RSI reading has hit 72.5 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 61.4.
Investors could look at SEIC's 72.5 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 SEIC shares:
Looking at the chart above, SEIC's low point in its 52 week range is $13.73 per share, with $24.88 as the 52 week high point — that compares with a last trade of $18.18.
Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on SEIC 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.
SEIC 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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