Manulife Financial Corp looks to be serving up a cup of profit
From its current value the shares could add $3.00 on an advance.
October 1, 2012 | Posted in Insurance | Read Article »
From its current value the shares could add $3.00 on an advance.
Trade this one for income.
With a dividend yield of 5.3% its a hold for existing shareholders. For those considering a buy it would be prudent to see if support along the 50 day moving average is maintained.
Overall I would not be chasing this stock.
Currently the MACD and RSI are generating another buy signal.
If you are interested in LFC you have to be comfortable trading it in the range until it either breaks above resistance at $70.00 of breaches support at $60.00.
The story is one of less than stellar performance and reduced dividends.