Buy This Dividend Stock on a Pullback

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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

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