The yield fell from primo to pretty good as a result of the euro-zone debt crisis, and the price followed for a 36% capital loss. At a 12.7% annual yield, it will take some work to get this fund back into the first ranks.
| trend | adx | psar | pps | macd | macd trend | sto | sto zone | |
|---|---|---|---|---|---|---|---|---|
| AOD $5.18 |
But it could come back. Management's reduced dividend covered three months, through September. That leaves it open for a raised dividend in October and thereafter.
The euro-zone debt crisis has largely been contained, facilities are in place to keep Greece from going bankrupt and selling the Parthenon on eBay. So a higher dividend could be in the works, or not.
The stock is up 3.4% intra day on higher volume, so clearly someone out there is getting excited on the buy side.
However, the stock is trading below the 20-day moving average and way below the 200-day moving average. This is a stock that must gain nearly 50% to reach its level before the fall. That's a tough goal to attain.
On the Person's chart, the rise drove the price through the midline on the weekly pivots chart.
Person's Table
| pps | pps open | upper pivot | lower pivot | |
|---|---|---|---|---|
| AOD $5.18 | $5.08 sep1 | $5.44 +5.0% | $4.78 -7.7% |
Reversal Levels
- $7.73, +49.2% (200-day ma)
- $5.49, +6.0% (20-day ma)
- $5.30, +2.3%
- $5.18 <== You are here.
- $4.84, -6.6%
Bottom line: I own this stock. I got hammered by the fall. I think it will recover some of price loss over time, meanwhile, I can still collect a middlin' decent dividend. So, contrary to all of my rants against the evils of buy and hold, I bought and I'm holding.
Do I recommend that anyone open a new bull position now? Not one bit. Maybe once it has persistently broken above $5.50, the more-or-less top of its present trading range.
Disclaimer
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.
- sto zone: green for bull phase, red for bear phase.
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