Dividend paying stocks which are also breaking out are my targets.
An example is ABY which I bought late on Fri. With a 3.10% yield, PE of 9 and a breakout in the cards, this one is a buy.
CURRENT PRICE 8.140000000000001, just above resistance, 7.96 ± 0.14, type single, strength 1
RESISTANCE ABOVE +10.9% at 9.03 ± 0.16, type single, strength 1
+14% at 9.28 ± 0.17, type double, strength 5
Searched to 10.6 (+30.2%) over last 6 months.
SUPPORT BELOW -2.2% at 7.96 ± 0.14, type single, strength 1
-6.9% at 7.58 ± 0.14, type double, strength 7
-9.3% at 7.38 ± 0.13, type triple, strength 9
-12.2% at 7.15 ± 0.13, type single, strength 1
-15.8% at 6.85 ± 0.12, type triple, strength 9
>2 more support areas below. Searched to 5.66 (-30.5%) over last 6 months.
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TARGET 1 Price: 8.34 Profit: 2.5%
Stop Limit/Trailing Stop Limit: 7.49 Loss: 8%
Profit/Loss Ratio: 0.3 : 1 - Poor
TARGET 1 POTENTIAL Excellent, there are 0 resistance areas on the way to Target 1
TARGET 2 Price: 8.640000000000001 Profit: 6.1% , for an extreme rally.
BREAKOUT POSSIBLE breakout above 8.15, no resistance in area just above.
Type: Continuation breakout from single resistance.
Target: 8.800000000000001, +8.1%
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Abitibi-Consolidated is the world's largest collector and recycler of newspapers and magazines. The Company has relationships with cities throughout North America and the United Kingdom and today's announcement will not impact its municipal recycling agreements or the Company's popular Paper Retriever(TM) program.
Abitibi-Consolidated is a global leader in newsprint and uncoated groundwood papers with ownership interests in 27 paper mills in Canada, the U.S., the U.K. and Asia (including its 50% interest in Pan Asia Paper Co.) and in 22 sawmills, 3 remanufacturing facilities, and 10 recycling centres. Abitibi-Consolidated employs approximately 16,500 people and supplies products in nearly 100 countries.
