10 Updates

RSI Alert: Apollo Investment Now Oversold

Apr 28 2014, 3:17pm CDT | by

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...

Filed under: news

 
 
 

12 weeks ago

RSI Alert: Apollo Investment Now Oversold

Apr 28 2014, 3:17pm CDT | by

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. Apollo Investment Corporation (NASD: AINV ) 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 Apollo Investment Corporation an even more interesting and timely stock to look at, is the fact that in trading on Monday, shares of AINV entered into oversold territory, changing hands as low as $7.90 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.

Click here to find out what 9 other oversold dividend stocks you need to know about, at DividendChannel.com »

In the case of Apollo Investment Corporation, the RSI reading has hit 29.9 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 54.7. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, AINV’s recent annualized dividend of 0.80/share (currently paid in quarterly installments) works out to an annual yield of 9.98% based upon the recent $8.02 share price.

A bullish investor could look at AINV’s 29.9 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 AINV 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: Manage the risks of the markets better with a free 30 day trial to the Strategic Risk Management System.

According to the ETF Finder at ETFChannel.com, AINV makes up 4.82% of the BDC Income ETF (AMEX: BIZD ) which is trading lower by about 1.2% on the day Monday.

/>/>
 
Update
10

7 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan Rakyat was told tod ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

7 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was bro ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
8

7 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rejected by th ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

7 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister, Datuk Seri Hishammuddin Hu ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

7 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan’ in the southern s ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

7 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over R ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

7 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry Min ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

7 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an all ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

7 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan Bazaar Scheme 201 ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

7 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kinrara Damansara Skyway ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Bangladeshi plane catches fire at Nepal airport, passengers safe
Kathmandu, July 28 (IANS) A Bangladeshi aircraft caught fire while landing at Kathmandu's Tribhuvan International Airport (TIA) Monday afternoon, officials said.
 
 
Shift work can worsen asthma, pneumonia
London, July 28 (IANS) A research has found that drugs widely used to treat lung diseases like asthma or pneumonia work better with the body clock.
 
 
Decoded: What triggers sexual arousal in you
New York, July 28 (IANS) Know why just looking at an attractive face stimulates sexual arousal? Well, it takes two to tango!
 
 
Turn your selfie into emoji with this app
New York, July 28 (IANS) Tired of seeing the same yellow-faced smileys? In an age of selfies, how can emojis be far behind?
 
 
 

Latest from the Network

CWG: Ghosal, Anaka lose in squash
Glasgow, July 28 (IANS) Indian squash players Saurav Ghosal and Anaka Alankamony bit the dust Monday bringing to an end their individual campaigns in squash singles at the Commonwealth Games here. While Ghosal lost...
Read more on Sport Balla
 
England 452/5 at tea
Southampton, July 28 (IANS) England were batting at 452/5 at tea on Day 2 of the third cricket Test against India at the Rose Bowl here Monday. Ian Bell and wicketkeeper-batsman Jos Buttler were batting on 133 and 13...
Read more on Sport Balla
 
Hockey: India out to prove a point against Australia
Glasgow, July 28 (IANS) Having registered consecutive victories against Wales and Scotland, India will be hoping to continue their winning spree when they face defending champions Australia in their next group game of...
Read more on Sport Balla
 
England declare first innings at 569/7
Southampton, July 28 (IANS) England declared their first innings at 569 for seven on the second day of the third cricket Test against India at The Rose Bowl here Monday. Ian Bell was the top scorer with 167 while Gary...
Read more on Sport Balla
 
Hosts Scotland record best CWG gold haul
Glasgow, July 28 (IANS) Hosts Scotland recorded their highest Commonwealth Games gold haul here by picking up their 12th yellow metal Monday. Alex Marshall and Paul Foster won Scotland's historic 12th gold medal in...
Read more on Sport Balla
 
Shooters Meena, Lajja fail to win medals
Glasgow, July 28 (IANS) A lot was expected from Indian shooters Meena Kumari and Lajja Gauswami but they failed to earn a medal from the women's 50-metre rifle prone finals at the Commonwealth Games here Monday. On a...
Read more on Sport Balla
 
Gwen Stefani recommends acupuncture to pals
Gwen Stefani has been recommending acupuncture to all her friends. The 44-year-old mother-of-three started having the treatment after getting severe migraines while pregnant with her third son, Apollo, and has told all...
Read more on Celebrity Balla
 
Tom Green's 'whirlwind' marriage to Drew Barrymore
Tom Green says his marriage to Drew Barrymore was a ''crazy whirlwind''. The MTV presenter tied the knot with the 'Charlie's Angels' star in 2001 but they separated just five months later and the 42-year-old host admits...
Read more on Celebrity Balla
 
Kim Kardashian accused of kissing Brandon Jenner
Brody Jenner claims that his brother Brandon Jenner and stepsister Kim Kardashian once shared a kiss. The 30-year-old reality star blurted out the shock news during last night's (07.27.14) episode of 'Keeping Up with...
Read more on Celebrity Balla
 
Renee Zellweger lists Connecticut farmhouse for 1.6m
Renee Zellweger has put her Connecticut farmhouse on the market for the second time in three years. The large four-bedroom colonial home first went up for sale in 2011 but failed to sell and now Renee has re-listed it...
Read more on Celebrity Balla