Dividend Channel
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

NEWT Ex-Dividend Reminder - 6/13/19
Tuesday, June 11, 12:07 PM ET, by Market News Video Staff

On 6/13/19, Newtek Business Services Corp (NEWT) will trade ex-dividend, for its quarterly dividend of ...

Top Buys by Directors: Sloane's $177.1K Bet on NEWT
Tuesday, July 9, 11:02 AM ET, by Market News Video Staff

The directors of a company tend to have a unique inside view into the business, ...

NEWT Crosses Below Key Moving Average Level
Monday, August 5, 2:55 PM ET, by Market News Video Staff

In trading on Monday, shares of Newtek Business Services Corp (NEWT) crossed below their 200 ...

Reminder - Newtek Business Services (NEWT) Goes Ex-Dividend Soon
Tuesday, September 17, 9:57 AM ET, by Market News Video Staff

On 9/19/19, Newtek Business Services Corp (NEWT) will trade ex-dividend, for its quarterly dividend of ...

This ETF Holds Companies With Heavy Insider Buying - BIZD
Wednesday, December 4, 10:00 AM ET, by Market News Video Staff

A look at the weighted underlying holdings of the BDC Income ETF (BIZD) shows an ...

Newtek Business Services Enters Oversold Territory

By Dividend Channel Staff, Wednesday, January 29, 11:35 AM ET
Play Video: Learn About The RSI


If the video does not load after a few moments, Upgrade to the Latest Flash Player.

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. Newtek Business Services Corp (NASDAQ:NEWT) 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 Newtek Business Services Corp an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of NEWT entered into oversold territory, changing hands as low as $21.32 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 Newtek Business Services Corp, the RSI reading has hit 29.7 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 50.1. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, NEWT's recent annualized dividend of 2.84/share (currently paid in quarterly installments) works out to an annual yield of 13.15% based upon the recent $21.59 share price.

A bullish investor could look at NEWT's 29.7 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 NEWT 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.


Can your brain be trained to become a chart-predicting wizard? Click here to find out


This Article's Word Cloud:   Among   Arial   Business   Channel   Click   Corp   Dividend   DividendRank   Indeed   Index   NEWT   Newtek   Oversold   Relative   Services   Start   Stocks   Strength   Wednesday   according   afterLeftLabels   always   among   below   bullish   chart   coverage   currently   dividend   escape   fillColor   formula   history   interesting   investors   look   mdash   most   oversold   price   reading   recent   share   stock   stocks   territory   that   universe   which   yield

Newtek Business Services Enters Oversold Territory | www.DividendChannel.com | Copyright © 2010 - 2020, 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.