I wouldn’t be shooting this running horse but if I were sitting on a large position with a healthy profit I would be selling enough to get my adjusted cost down to zero.
Currently the momentum indicators are trending lower which suggests being prudent on the buy-side.
Until HNZ.A straightens out and starts flying right I would not be chasing it.
The stock looks to be holding onto support on the 200-day moving average but we have yet to hear from the company exactly what they intend on doing with the dividend.
If you are going to buy MTL with a portion of the your GIC assets I would wait until the MACD generates a buy signal before jumping in
I think that you have a trade forming up but you will have to be careful of the resistance that is evident along the 50 day moving average.
If you are only attracted to the 9.3% dividend yield you could be setting yourself up for a capital loss.
