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|Shares of TCK Now Oversold
Monday, December 7, 11:41 AM ET, by Market News Video Staff
In trading on Monday, shares of Teck Resources Ltd (TCK) entered into oversold territory, changing ...
Reminder - Teck Resources (TCK) Goes Ex-Dividend Soon
Tuesday, December 8, 10:47 AM ET, by Market News Video Staff
On 12/10/15, Teck Resources Ltd (TCK) will trade ex-dividend, for its semi-annual dividend of $0.05, ...
Top Buys by Directors: Doheny II's $478.8K Bet on JOY
Wednesday, December 9, 11:04 AM ET, by Market News Video Staff
The directors of a company tend to have a unique inside view into the business, ...
AHGP Named Top Dividend-Paying Rock Stock at Metals Channel With 19.62% Yield
Wednesday, December 23, 7:18 AM ET, by Market News Video Staff
Alliance Holdings Group LP (AHGP) has been named as the ''Top Dividend-Paying Rock Stock'', according ...
JOY Ex-Dividend Reminder - 12/28/15
Thursday, December 24, 9:56 AM ET, by Market News Video Staff
On 12/28/15, Joy Global Inc (JOY) will trade ex-dividend, for its quarterly dividend of $0.01, ...
Top-Ranked Alliance Holdings Group LP Getting Very Oversold
By Dividend Channel Staff, Thursday, November 15, 5:07 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. Alliance Holdings Group LP (NASDAQ:AHGP) 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 Alliance Holdings Group LP an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of AHGP entered into oversold territory, changing hands as low as $43.691 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 Alliance Holdings Group LP, the RSI reading has hit 28.6 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 34.1. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, AHGP's recent annualized dividend of 2.88/share (currently paid in quarterly installments) works out to an annual yield of 6.31% based upon the recent $45.65 share price.
A bullish investor could look at AHGP's 28.6 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 AHGP 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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According to the ETF Finder at ETF Channel, AHGP makes up 2.12% of the Coal ETF (AMEX:KOL) which is trading lower by about 1.2% on the day Thursday.
See what other ETFs contain AHGP »
See what other stocks are held by KOL »
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