Monday, July 27, 2009

Trade 33 setup: DXS, dividend play

I've been looking at dividend yields and profit reporting season that we expect some funds flowing into the market within the next few weeks.

Reason's for DXS
- the 3c dividend coming up in Aug is a great opportunity/reason for share price to rise
- technically, it's sitting on the 69c support and an uptrending line.
- If the stock breaks out of 77c quickly, we can see 90c easily.
- putting a stop loss at 68c, and upside of 79c at least.