Dividend Channel
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Interesting COP Put And Call Options For June 7th
Friday, April 26, 11:14 AM ET, by Market News Video Staff

Investors in ConocoPhillips (COP) saw new options begin trading today, for the June 7th expiration. ...

XLE, COP, EOG, MPC: Large Outflows Detected at ETF
Friday, April 26, 12:14 PM ET, by Market News Video Staff

Symbols mentioned in this story: XLE, COP, EOG, MPC Exchange traded funds (ETFs) trade just ...

Noteworthy Tuesday Option Activity: CC, COP, GRWG
Tuesday, April 30, 3:18 PM ET, by Market News Video Staff

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume ...

Comcast Moves Up In Market Cap Rank, Passing ConocoPhillips
Tuesday, April 30, 4:36 PM ET, by Market News Video Staff

In the latest look at the underlying components of the S&P 500 ordered by largest ...

The Math Shows FTDS Can Go To $54
Wednesday, May 1, 7:20 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

ConocoPhillips is Oversold

By Dividend Channel Staff, Wednesday, June 12, 11:31 AM ET
Play Video: Learn About The RSI

If the video does not load after a few moments, Upgrade to the Latest Flash Player.
Email EnvelopeFree Email Alerts By Stock:
Get Dividend Alerts
Get SEC Filing Alerts

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. ConocoPhillips (NYSE:COP) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.

But making ConocoPhillips an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of COP entered into oversold territory, changing hands as low as $111.64 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 ConocoPhillips, the RSI reading has hit 28.7 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 53.0. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, COP's recent annualized dividend of 3.12/share (currently paid in quarterly installments) works out to an annual yield of 2.75% based upon the recent $113.63 share price.

A bullish investor could look at COP's 28.7 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 COP 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: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.

This Article's Word Cloud:   Among   Arial   Channel   ConocoPhillips   Days   Dividend   DividendRank   Dollars   Indeed   Index   Join   NYSE   Offer   Oversold   Relative   Seven   Special   Start   Stocks   Strength   ValueForum   Wednesday   above   average   below   bullish   coverage   currently   dividend   escape   fillColor   formula   history   interesting   investors   look   mdash   most   oversold   price   reading   recent   share   stock   stocks   territory   that   universe   which   yield

ConocoPhillips is Oversold | www.DividendChannel.com | Copyright © 2010 - 2024, All Rights Reserved

Nothing in Dividend Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Dividend Channel; Meet Our Editorial Staff.