Buy This Dividend Stock on a Pullback

By
A A A

Ship Finance International Limited (NYSE: SFL ) - This company owns and operates vessels and offshore-related assets including oil tankers, bulk carriers and a variety of other ships.

The stock has risen from $13 to over $20 since July 2009. Following a break and run from $15 in February to $21 in March, SFL had been consolidating within a right triangle .

On Oct. 11, at $19.85, the Trade of the Day said, "Last week, upside volume increased, and the stock broke through the bearish resistance line of the eight-month triangle with a trading objective of $23."

We are now raising our target to $25 and suggest buying the stock on a pullback to $20.50 or lower. SFL pays an annual dividend of $1.53, a yield of almost 8%.

Trade of the Day - SFL Chart

Trade of the Day Chart Key

If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: SFL

Sam Collins

Sam Collins

More from Sam Collins:

Related Videos

My Career No Longer Exists
My Career No Longer Exists          

Stocks

Referenced

100%

Most Active by Volume

105,767,201
  • $46.30 ▲ 19.98%
80,574,036
  • $15.58 ▲ 1.56%
66,424,299
  • $3.46 ▲ 1.76%
42,459,394
  • $3.82 ▲ 0.79%
36,704,800
  • $13.98 ▼ 14.02%
35,625,113
  • $74.677 ▲ 1.31%
33,067,430
  • $29.26 ▼ 0.71%
32,374,580
  • $98.15 ▼ 0.23%
As of 7/30/2014, 04:04 PM