Monday, November 29, 2010

BCE is Still Sending Good Signals

I wrote about BCE about one year ago (see 11/17/09 blog). Since then, we have seen a gain of 31.6% (not including a 5.7% dividend), a very respectable return. On three ocasions BCE was highlighted in this blog's "stocks to Watch" list.

An updated view of BCE's attractive signs are:

•Fine chart pattern.
•Consistent uptrend and signifficant support at 32, the long term rising bottom's line.
•A good average daily volume of over 705,000 shares.
•A very nice dividend yield of 5.2%, ex-dividend date is only 14 days away.
•Forward P/E ratio is at 11.48.

At this point, I am inclined to increase a long position in BCE (trading this morning at 33.83).

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