Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Nice Technical Picture Plus An 8% Dividend

|Includes:Poseidon Concepts Corp (POOSF)

I don't normally look at a stock that would appeal to dividend investors with an 8% yield, but a reader asked my thoughts. Since I was doing the technical analysis I may as well share with all of you given how attractive it looked from a technical and fundamental perspective.

After a very successful IPO in 2011 this went from $10-$17 and since then appears to be forming a very stable base. Having just recently broke out of a wedge pattern it looks as if this is soon to challenge it's all time highs around $16.75-17. I would expect it to break through with an 8 month base to provide the foundation to shoot through resistance this has very good prospects in the next 4-6 months.

Only Drawback: Anemic volume.

Conclusion: This won't be for many but it does look like a chart that has the technicals and fundamentals in sync and could be a good low risk opportunity to stash some funds given the extremely volatile market.

(click to enlarge)Click to enlarge

(click to enlarge)Click to enlarge

Stocks: POOSF