Wednesday, June 29, 2011

Down Up Day

This is one of those days when the indexes are up but the watchlist is a mixed bag where the losers took the biggest hits. DNS +73, +11, +11. Visa gained 15% today.

Trades: CWEI and EFII as described in the previous post.

Reversal alerts: (6). Only REIT IVR is of interest with YoY sales growth of 228% and higher for the last four quarters. It has a 93% payout ratio and an 18.8% dividend yield and is maintaining a P/E just above 5. Choppy trading though.

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