The DividendRank system at Dividend Channel ranks a protection universe of hundreds of dividend shares, in accordance with a proprietary system designed to determine these shares that mix two necessary traits — robust fundamentals and a valuation that appears cheap. GUESS ?, Inc. (Image: GES) presently has a stellar rank, within the prime 10% of the protection universe, which suggests it’s among the many prime most “attention-grabbing” concepts that advantage additional analysis by traders.
However making GUESS ?, Inc. an much more attention-grabbing and well timed inventory to have a look at, is the truth that in buying and selling on Thursday, shares of GES entered into oversold territory, altering fingers as little as $19.24 per share. We outline oversold territory utilizing the Relative Energy Index, or RSI, which is a technical evaluation indicator used to measure momentum on a scale of zero to 100. A inventory is taken into account to be oversold if the RSI studying falls beneath 30.
Within the case of GUESS ?, Inc., the RSI studying has hit 29.3 — by comparability, the universe of dividend shares coated by Dividend Channel at the moment has a mean RSI of 51.3. A falling inventory value — all else being equal — creates a greater alternative for dividend traders to seize a better yield. Certainly, GES’s latest annualized dividend of 1.2/share (at the moment paid in quarterly installments) works out to an annual yield of 6.09% based mostly upon the latest $19.71 share value.
A bullish investor might have a look at GES’s 29.3 RSI studying at the moment as an indication that the latest heavy promoting is within the means of exhausting itself, and start to search for entry level alternatives on the purchase aspect. Among the many basic datapoints dividend traders ought to examine to resolve if they’re bullish on GES is its dividend historical past.
On the whole, dividends aren’t all the time predictable; however, trying on the historical past chart beneath will help in judging whether or not the newest dividend is prone to proceed.
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
