![]() |
![]() |
![]() |
|
![]() |
![]() |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Featured MNV Articles:
| Top Ranked Dividend Stock BA Becomes OversoldBy Dividend Channel Staff, Thursday, May 17, 5:09 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. Boeing Co. (NYSE:BA) 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 Boeing Co. an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of BA entered into oversold territory, changing hands as low as $69.63 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 Boeing Co. , the RSI reading has hit 27.1 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 37.5. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, BA's recent annualized dividend of 1.76/share (currently paid in quarterly installments) works out to an annual yield of 2.44% based upon the recent $72.35 share price. A bullish investor could look at BA's 27.1 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 BA 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.
Special Offer: Manage the risks of the markets better with a free 30 day trial to the Strategic Risk Management System.
According to the ETF Finder at ETF Channel, BA makes up 8.66% of the iShares Dow Jones U.S. Aerospace & Defense Index Fund ETF (AMEX:ITA) which is trading lower by about 1.6% on the day Thursday. See what other ETFs contain BA »
This Article's Word Cloud:
AMEX
According
Aerospace
Among
Arial
Boeing
Channel
Data
Date
Defense
Dividend
DividendRank
ETFs
Finder
Fund
Index
Thursday
always
average
below
better
bullish
coverage
currently
data
dividend
escape
fillColor
formula
history
interesting
investors
look
most
other
oversold
price
reading
recent
share
stock
stocks
territory
that
trading
universe
what
which
with
yield
|