If you got in on the run from the late 2008 lows then think about taking some profits. They aren’t always available. If you are thinking of entering at this point you might want to see if it retests the $9.50 low of March 12.
At this point all the good news looks like it was baked into the souffle and since January the air has leaked out of the fluffy dish.
Given the generous dividend, in addition to an unbroken uptrend and a golden cross STB is providing ample evidence of a stock that has more to give.
Given the support at $12.00 and the 6.1% dividend yield it looks like a trade between $12.00 and $14.00 with an dividend kicker.
At this point the advance seems to be flattening out after taking off from the $0.02 range to approaching $0.60 since October of 2009. It wouldn’t be prudent to expect a thirty bagger every four months.
According to seasonality expert Brooke Thackray the period of seasonal strength for gold is mid July through the beginning of October suggesting that you could be well served to put GLW on your watch list in anticipation of a move later in the year.
Right now the best strategy for HF would be to keep it on your watch list for a break out of its trading range while keeping in mind the seasonal strength in the sector.
