Arguably, any stock with a 15.49% yield doesn't have to go anywhere to keep me happy. I'll take that sort of dividend in place of capital gains anytime, as long as there's no capital loss.
The pps bull phase came on volume running about a third higher (so far) than the prior day. So although there's no news to buttress the signal, clearly traders are looking for good things to happen with NLY.
NLY was trading above $18 a share in July, but gapped down to the $17.50 level after the company announced a stock offering, diluting current shares. The decline, however, put the price in the range where NLY had traded in June and in May, so it wasn't a catastrophic move.
On the Person's chart, NLY is trading about halfway between the midline and the upper pivot.
|pps||pps open||upper pivot||lower pivot|
|NLY $17.56||$17.48 aug11||$17.77 +1.2%||$17.03 -3.0%|
- $18.37, +4.6%
- $18.25, +3.9%
- $17.56 <== You are here.
- $16.84, -4.1%
Tim Bovee, Private Trader tracks the trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment. No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.Abbreviations:
- psar - Parabolic Stop and Reverse
- adx - Average Directional Index
- pps - Person's Proprietary Signal
- ma20 - 20-day moving average
- macd - Moving Average Convergence-Divergence
- sto - Fast Stochastic
- trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
- adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
- psar, pps, macd: green for bull mode, red for bear
- sto: green for overbought, red for oversold, yellow for the neutral zone.