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Infosys Enters Oversold Territory

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Nasdaq
By Bnk Invest

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics strong fundamentals and a valuation that looks inexpensive. Infosys Ltd. (Symbol: INFY) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most interesting ideas that merit further research by investors.

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But making Infosys Ltd. an even more interesting and timely stock to look at, is the fact that in trading on Friday, shares of INFY entered into oversold territory, changing hands as low as $19.71 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Infosys Ltd., the RSI reading has hit 29.3 by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 41.3. A falling stock price all else being equal creates a better opportunity for dividend investors to capture a higher yield. Indeed, INFY's recent annualized dividend of 0.42/share (currently paid in semi-annual installments) works out to an annual yield of 2.07% based upon the recent $20.31 share price.

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Logo Nasdaq
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to...

Logo Nasdaq
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to...

Logo Nasdaq
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to...

Logo Nasdaq
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to...

Logo Nasdaq
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to...

Logo Nasdaq
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to...

Logo Nasdaq
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to...

Logo Nasdaq
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to...

Logo Nasdaq
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to...

Logo Nasdaq
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to...

Logo Nasdaq
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to...

Logo Nasdaq
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to...

Logo Nasdaq
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to...

Logo Nasdaq
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to...

Logo Nasdaq
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to...

Logo Nasdaq
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to...

Logo Nasdaq
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to...

Logo Nasdaq
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to...

Logo Nasdaq
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to...

Logo Nasdaq
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to...