Well, well. We just doubled the yield on the dividend the past few trading sessions! It was about 1%, now its 1.8% at these prices.-g-
Textron has pretty much been in line with the market. Today, the DOW sits at about May, 1997 levels, as does TXT.(5 months ago) But TXT pays a dividend!-g-
Even if it takes 5 months to return to the previous trading range, of 62-70,(+11%-+25%) TXT still remains a good risk/reward stock.
With current price, of 56, TXT is trading at about a 13-14 PE of projected earnings. Not bad considering you get a dividend on top.
Regarding Technical analysis, there are literally hundreds of books you can find at the bookstore or library which is a good way to start IMO.
There is also a good software program called MetaStock, which offers extremely powerful and complicated tools for the advanced TA, and powerful, yet simple tools for somebody who only needs the "basics".
Its expensive, but worth it IMO. It also includes a pretty good tutorial, and "quick start on TA." You can also find cheaper ones, but I have been using MS for over 11 years now, and nothing else.
Keep in mind TA, although based with mathematical formulas, is more an art than many think. The key is to exhaust several technical indicators with various varibles, to find a pattern of triggers for a particualr security which provides a "better chance" of securing profits.
Good Trading, LF |
