Dividend Plays Are in a Daze
Utility stocks and dividend players have been pulling back recently and are generally in an oversold condition, with many of these names near important areas of support.
Dividend all-star Altria (MO) has been trading under its 50-day moving average since the beginning of August and more recently under its 200-day average. This is significant because it has not dropped below the 200-day average since a brief stint in July 2011, and continued weakness could take the 50-day average below the 200-day average for the first time since 2009....276 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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