Email of the day on investment candidates from a comment to a post on the 18th
"IBM under $176, HCP $36.25 limit. I had not bought any IBM since August, 2011 and the sentiment has deteriorated if you believe the talking heads on TV. It has become a favored short for hedge funds (along with gold and Treasuries) and is an official outlier. HCP is down in sympathy with interest rates, has been a consistent dividend payer and dividend raiser, now yielding 5.7%. Long term portfolios only."
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I agree that IBM has a solid record of dividend increases and perhaps more importantly share buybacks. However this week's strong performance is in the context of a broad deterioration in the medium-term uptrend's consistency over the last year. It will need to sustain a move back above $187 to break the 11-month progression of lower rally highs and suggest a return to demand dominance beyond the short term.
Health Care Property Partners posted a large downside weekly key reversal in May following an impressive advance and has been trending lower since; breaking below the 200-day MA and its medium-term progression of higher reaction lows in June. A period of support building will likely be required in order to reignite significant bullish interest beyond current scope for a reversionary rally.