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  1. Home
  2. / Investing

Good Dividend Payers With Pretty Charts

You can have the best of both worlds -- at least when it comes to a select group of dividend stocks -- as we'll see in this first part of a two part series.
By BRUCE KAMICH
Jan 27, 2023 | 10:15 AM EST
Stocks quotes in this article: VZ, MCD, PG, BP, ET, HBAN, JPM, ABV, CVS, LHX, RTX, IBM, O, CCI, SPG, FE, PEG

A long-time Real Money subscriber emailed me a list of stocks that are good dividend payers and wanted me to filter them to find the ones with attractive charts. Sounds like a pretty good way to manage your money and this is what I found.
 
There were 18 stocks on the list and they covered a number of industries. Verizon Communications  ( VZ) , McDonald's Corporation ( MCD) , Procter & Gamble  ( PG) , BP plc  ( BP) , Energy Transfer  ( ET) , Huntington Bancshares ( HBAN) , JP Morgan Chase ( JPM) , AbbVie Inc. ( ABV) , CVS Health Corporation ( CVS) , L3Harris Technologies ( LHX) , Raytheon Technologies ( RTX) , IBM Corp.  ( IBM) , Realty Income Corporation  ( O) , Crown Castle ( CCI) , Simon Property Group ( SPG) , FirstEnergy Corp  ( FE) , Public Service Enterprise Group  ( PEG) . 
 
I reviewed all 18 names and found only 10 stocks that are currently attractive. I will cover the 10 stocks (in no particular order) in a two-part article. 
 
Here's the first part:
 
BP plc is shown own in this bar chart below, I see a positive trend. Prices are moving from the lower left to the upper right. BP trades above the rising 50-day moving average line and the 200-day line. The daily On-Balance-Volume (OBV) line has been rising and tells me that buyers of BP have been more aggressive than sellers. The Moving Average Convergence Divergence (MACD) oscillator is above the zero-line. The chart and the uptrend change but right now things are going in the right direction.  
 
 
In this chart of Energy Transfer, below, I can see another established uptrend. Prices trade above the rising 50-day and the rising 200-day moving averages. The OBV line and the MACD oscillator both confirm the price gains. 
 
 
The third stock on the list is Huntington Bancshares and its chart, below, has been gaining strength the past five months. Prices trade above the cresting 50-day line but above the bottoming 200-day average. The OBV line is still weak but the trading volume has been more active since September. The MACD oscillator is close to a fresh outright buy signal. 
 
 
JPMorgan Chase is the fourth stock on the list. Notice the rapid recovery in price from October? JPM now trades above the rising 50-day moving average line and the bottoming 200-day line. The OBV line bottomed with price in October. The MACD oscillator is above the zero-line. 
 
 
The last stock in our two-part article is Raytheon Technologies, below. RTX made a low in September and a quick "retest" in October before rallying. Prices recently pulled back to retest the 200-day moving average line. The daily OBV line has moved higher from October to confirm the price advance. The MACD oscillator is back to the zero-line and that needs watching.
 
 
In the second part, we'll look at the five other stocks on the list.
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TAGS: Dividends | Investing | Technical Analysis

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