Featured MNV Articles:
More articles: 1 2 3 4 5 6 7 next »
|Top Buys by Directors: Armstrong's $729.3K Bet on PAA
Tuesday, August 11, 11:41 AM ET, by Market News Video Staff
The directors of a company tend to have a unique inside view into the business, ...
Top Buys by Top Brass: CEO Armstrong's $729.3K Bet on PAA
Tuesday, August 11, 3:23 PM ET, by Market News Video Staff
A company's own top management tend to have the best inside view into the business, ...
Williams Partners is Oversold
Thursday, August 13, 4:11 PM ET, by Market News Video Staff
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...
Use Options For a Chance To Buy OKS at a 16% Discount
Friday, August 14, 11:44 AM ET, by Market News Video Staff
Looking back to 2 days ago, ONEOK Partners LP (OKS) priced a 24,900,000 share secondary ...
Plains All American Pipeline Stock Getting Very Oversold
Thursday, August 20, 3:59 PM ET, by Market News Video Staff
In trading on Thursday, shares of Plains All American Pipeline, L.P. (PAA) entered into oversold ...
RSI Alert For Top-Ranked Access Midstream Partners LP
By Dividend Channel Staff, Thursday, November 15, 12:17 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. Access Midstream Partners LP (ACMP) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making Access Midstream Partners LP an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of ACMP entered into oversold territory, changing hands as low as $30.10 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 Access Midstream Partners LP, the RSI reading has hit 29.8 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 34.7. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, ACMP's recent annualized dividend of 1.74/share (currently paid in quarterly installments) works out to an annual yield of 5.48% based upon the recent $31.76 share price.
A bullish investor could look at ACMP's 29.8 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 ACMP 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, ACMP makes up 2.92% of the MLP ETF (AMEX:MLPA) which is trading lower by about 1.2% on the day Thursday.
See what other ETFs contain ACMP »
See what other stocks are held by MLPA »
This Article's Word Cloud: