SNH (Senior Property Housing Trust)
It pays a high dividend of over 8%. It primarily invests in senior housing properties, so its business is relatively stable, unlike commodities-based companies, where the commodity price could soar to the moon or drop down into the pits of hell.
The weekly chart indicates the stock is oversold, and there is a good chance that the stock could trade to and past 24.00 before the MACD traded in the overbought ranges.
The monthly charts paint a different story, meaning Senior Property Housing Trust is not a long-term hold. It could be worth getting in now if you are willing to hold it for a few months and then bank profits.
If you are not in a hurry, the safer route would be to wait for the stock to pull back. We can see that once the MACDs cross on the monthly charts, the store does shed quite a bit of weight. We expect the markets to pull back this year, and the withdrawal could be substantial. It is possible that this stock could drop down to the 14 range again, at which point, not only would it make for a great buy, but the dividend would soar too. Patience has rewards; dividend players might be interested in putting this play on their list of stocks to monitor.
Other stories
What are the most surprising stocks to buy and hold long-term?
which of the following sources of market inefficiency would be most easily exploited?
AI Takeover: The Unprepared and Uneducated Have Reason to Fear
When to invest in gold?
Investing in Coal Stocks: Dive Into the Top Picks!
Market Discipline: Successful Investors Master Self-Control
Which ETFs are best for an all weather portfolio?
What is the difference between saving & investing?
Emotional thinking vs logical thinking
What are the best books on human psychology for investing?
Why Do I Keep Making Stupid Mistakes? Because You’re Acting Stupid!
Don’t Put All Your Eggs in One Basket—Unless You Love Losing Money!
Preferred Stock Market Valuation Is Based Primarily Upon
In the Land of the Blind, the One-Eyed Man Is King—And Damn Right He Is
What does death cross meaning reveal about market trends?
How to Buy BRICS Currency: The Real Deal!
