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|Western Asset Mortgage Capital Breaks Above 200-Day Moving Average - Bullish for WMC
Tuesday, October 21, 4:30 PM ET, by Market News Video Staff
In trading on Tuesday, shares of Western Asset Mortgage Capital Corp (WMC) crossed above their ...
iShares Mortgage Real Estate Capped ETF -- Insider Buying Index Registering 28.0%
Tuesday, November 18, 9:37 AM ET, by Market News Video Staff
A look at the weighted underlying holdings of the iShares Mortgage Real Estate Capped ETF ...
Interesting WMC Put Options For July 2015
Tuesday, December 2, 10:49 AM ET, by Market News Video Staff
Investors in Western Asset Mortgage Capital Corp (WMC) saw new options begin trading this week, ...
Top Buys by Directors: James's $347.2K Bet on WMC
Friday, December 5, 3:07 PM ET, by Market News Video Staff
The directors of a company tend to have a unique inside view into the business, ...
Short Interest In Western Asset Mortgage Capital Increases 16.7%
Thursday, December 11, 4:04 PM ET, by Market News Video Staff
The most recent short interest data has been released by the NASDAQ for the 11/28/2014 ...
Dividend Channel Identifies Oversold Conditions For Top 10th Percentile Ranked Dividend Stock WMC
By Dividend Channel Staff, Thursday, November 8, 5:25 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. Western Asset Mortgage Capital Corp (NYSE:WMC) presently has a stellar rank, in the top 10% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making Western Asset Mortgage Capital Corp an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of WMC entered into oversold territory, changing hands as low as $19.91 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 Western Asset Mortgage Capital Corp, the RSI reading has hit 30.0 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 41.9. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, WMC's recent annualized dividend of 3.40/share (currently paid in quarterly installments) works out to an annual yield of 16.57% based upon the recent $20.53 share price.
A bullish investor could look at WMC's 30.0 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 WMC 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.
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