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Relative Strength Alert For Retail Opportunity Investments

The DividendRank blueprint at Dividend Channel ranks a protection universe of thousands of dividend shares, in step with a proprietary blueprint designed to name those shares that mix two crucial traits — stable fundamentals and a valuation that looks more cost-effective. Retail Opportunity Investments Corp (Image: ROIC) at the moment has an fine gross, in the live 25% of the protection universe, which suggests it is amongst the live most “attention-grabbing” tips that merit additional study by investors.

Nonetheless making Retail Opportunity Investments Corp an powerful more attention-grabbing and well timed inventory to explore at, is the proven truth that in trading on Friday, shares of ROIC entered into oversold territory, changing fingers as low as $12.52 per portion. We account for oversold territory the use of the Relative Strength Index, or RSI, which is a technical evaluation indicator damaged-all the vogue down to measure momentum on a scale of zero to 100. A inventory is regarded as to be oversold if the RSI studying falls below 30.

In the case of Retail Opportunity Investments Corp, the RSI studying has hit 29.3 — by comparability, the universe of dividend shares covered by Dividend Channel at the 2d has an moderate RSI of 52.0. A falling inventory rate — all else being equal — creates a larger opportunity for dividend investors to seize a better yield. Certainly, ROIC’s fresh annualized dividend of 0.6/portion (at the 2d paid in quarterly installments) works out to an annual yield of 4.67% primarily based mostly upon the contemporary $12.84 portion rate.

A bullish investor might per chance explore at ROIC’s 29.3 RSI studying at present time as a label that the contemporary heavy selling is in the technique of laborious itself, and open to explore entry level alternatives on the buy facet. Among the elementary datapoints dividend investors might per chance gathered investigate to realize to a decision in the event that they are bullish on ROIC is its dividend historic past.

In overall, dividends are no longer continually predictable; nonetheless, taking a like a study the historic past chart below can back in judging whether the latest dividend is liable to continue.

Click on here to search out out what 9 other oversold dividend shares you like to be taught about »

Also explore:

• Institutional Holders of EGT
• Institutional Holders of EZY
• HEAR Historical Stock Costs

The views and opinions expressed herein are the views and opinions of the creator and accomplish no longer necessarily think those of Nasdaq, Inc.

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