The trend is your friend? Trend following strategies are popular investing techniques. The strategy is to buy or sell stocks with breakout criteria in order to identify a continuing move in the same trend. A breakout is defined as a rise in the share price above or under a level of support.
I decided to analyze stocks with new 52-Week Highs. 13 stocks met this criterion of which 5 pay dividends. Here are my 3 high yield stocks close to new 52-Week highs:
1. Cypress Sharpridge Investments (CYS) is acting within the diversified REIT industry. The company has a market capitalization of USD 1.1 billion, generates revenues in an amount of USD 148.0 million and a net loss of USD 8.1 million. Its forward price to earnings ratio is 5.9, Price/Sales ratio is 7.4 and Price/Book ratio is 1.1. Dividend Yield: 18.2 percent. Years of Consecutive Dividend Increasing: 1 Year. 5-Year Dividend Growth: 0 percent. The company paid dividends since 2009.
2. Terra Nitrogen Company (TNH) is acting within the agricultural chemical industry. The company has a market capitalization of USD 3.1 billion, generates revenues in an amount of USD 673.5 million and a net income of USD 213.9 million. Its P/E is 14.7, Price/Sales ratio is 4.7 and Price/Book ratio is 12.0. Dividend Yield: 6.7 percent. Years of Consecutive Dividend Increasing: 0 Years. 5-Year Dividend Growth: 118.9 percent. The company paid dividends since 1997.
3. Enterprise Products Partners (EPD) is acting within the independent oil and gas industry. The company has a market capitalization of USD 36.0 billion, generates revenues in an amount of USD 35.0 billion and a net income of USD 671.6 million. Its P/E is 32.1 and forward price to earnings ratio is 20.5, Price/Sales: 1.0 and Price/Book ratio: 3.2. Dividend Yield: 5.7 percent. Years of Consecutive Dividend Increasing: 12 Years. 5-Year Dividend Growth: 6.1 percent. The company paid dividends since 1998.
Take a look at the full list of 13 breakout stocks. The average price to earnings ratio amounts to 23.49, while the average forward price to earnings ratio amounts to 24.79. The average dividend yield is 4.46 percent. Price to book ratio is 4.08 and price to sales ratio is 2.57. On average, the stocks being traded are 0.26 percent below 52-Week Highs.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
