Upcoming dividend information: Ex-Div-Date: 10/20/16 Payment Date: 11/15/16 Dividend: $0.15 Current Price: $37.92 Annual Yield: 1.53%
Reported before open today (11/22/16) Earnings: EPS $0.45 Revenue $2.63B Estimates: EPS $0.46 Revenue $2.64B Up 2.63% today
Not a perfect former resistance line turned support, but this could be a decent spot to take a shot. More support below with the 200MA as well. This one is in the Dividend Aristocrats as well.
I've been watching this one and agree with you. But I almost want it to drop to the 200 DMA cause I want that late November gap filled!
Understandable. I wouldn't be trading this one short-term though (personally), it would be a longer-term trade. That's just me though. Longer-term, I don't really care as much about my entry being perfect, I'd rather get in at a reasonable spot, than waiting and possibly missing the chance to get in. Just my opinion, I won't be actually playing it though at this time.
Wholeheartedly agree with your longer-term approach! I tend to play the Aristocrats (or anything I want longer term) both ways....(1) look for the best short-term, swing-trade entry point I can find and purchase in round lots; then (2) hopefully get my upward swing and at that time sell 6- to 9-month slightly-out-of-the-money calls against the position. If I get called down the road, hopefully I have collected a quarter or two of divvies plus the option premium, and if not I look for next chance to sell calls. If nothing else I'm continually lowering the cost basis of the original purchase. This works great in a ROTH!
Kinda looks like the gap wants to get filled down to 33.40. Since it took that last plunge from 36 to 34 it hasn't been able to get back on its feet and make any significant upside progress. Yeah, it did not plunge on much volume, but that just shows the ease of movement is down, and now it can't even get back up through that light volume...lack of demand. Price needs to go lower to find some demand I think....and the last place demand showed up previously was at 33.40. Daily:
Man no love for Hormel Compleats? It's a frozen dinner that you don't have to freeze. Perfect for workplaces where freezer space is at a premium. The chicken alfredo is alright, and I want to try the chili with beans.
