Posted by elementsix on 12th of Jan 2024 at 10:29 am
URA - Few comments on Dividend Stocks...
1. Be careful on stocks with
Dividends. Different charts handle the ex-div and
date payable in different manners. In the case of URA, the STS
tables show a
gap down in price on the ex-div date (12/28)
but other charting will resolve that when the dividend pays out
(stockcharts). When you are ex-div, simply add in the dividend
amount to calculate the actual dollar value. You can see on
stockcharts that URA had an Ex-div high of $28.55, and the low
never fell below the previous low of $26.61. We basically never
fell out of tht uptrend channel, just touched the bottom (where I
bought more because i felt the Div confuse a lot of people,
affecting price).
2. I use a higher low stop method similar to what Matt and Steve
suggest to protect profits. However, on larger swings or trades i
am more confident in, I will set an alert for the recent higher low
but
set my stop at the second higher low to allow
for more wiggle room. That totally depends upon my trade plan
though.
Thank you, elementsix, that is a good explanation of how to
handle stocks with dividend payouts. In my case, I didn't even know
it paid a dividend, I was just trading on technical indicators and
Matt's opinion. So, it was dumb luck for me, but now I know
better!
The info Matt posted abouts URA dividends says that the
dividends are paid semi-annually. However, there was no payout in
June 2023. I'll be alert in June 2024! :-)
URA - Few comments on
Nice pop on URA.
Posted by elementsix on 12th of Jan 2024 at 10:29 am
URA - Few comments on Dividend Stocks...
1. Be careful on stocks with Dividends. Different charts handle the ex-div and date payable in different manners. In the case of URA, the STS tables show a gap down in price on the ex-div date (12/28) but other charting will resolve that when the dividend pays out (stockcharts). When you are ex-div, simply add in the dividend amount to calculate the actual dollar value. You can see on stockcharts that URA had an Ex-div high of $28.55, and the low never fell below the previous low of $26.61. We basically never fell out of tht uptrend channel, just touched the bottom (where I bought more because i felt the Div confuse a lot of people, affecting price).
2. I use a higher low stop method similar to what Matt and Steve suggest to protect profits. However, on larger swings or trades i am more confident in, I will set an alert for the recent higher low but set my stop at the second higher low to allow for more wiggle room. That totally depends upon my trade plan though.
Thank you, elementsix, that is
Posted by chuckw on 12th of Jan 2024 at 10:47 am
Thank you, elementsix, that is a good explanation of how to handle stocks with dividend payouts. In my case, I didn't even know it paid a dividend, I was just trading on technical indicators and Matt's opinion. So, it was dumb luck for me, but now I know better!
The info Matt posted abouts URA dividends says that the dividends are paid semi-annually. However, there was no payout in June 2023. I'll be alert in June 2024! :-)
yep, anyway that's awesome! a
Posted by matt on 12th of Jan 2024 at 10:49 am
yep, anyway that's awesome! a nice gift that you weren't expecting! congrats