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

Stocks

Referenced

67%

Most Active by Volume

139,392,686
  • $5.41 ▼ 18.52%
108,086,733
  • $17.04 ▲ 1.61%
88,411,032
  • $42.085 ▼ 1.19%
35,897,863
  • $101.79 ▲ 0.21%
34,635,836
  • $46.68 ▲ 0.34%
31,162,075
  • $4.36 ▲ 12.37%
31,086,421
  • $26.21 ▲ 0.61%
30,930,862
  • $17.09 ▼ 2.95%
As of 9/18/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com