Carter’s Inc (CRI) Enters Oversold Territory: What Investors Should Know
Investors are taking notice as Carter’s Inc (Symbol: CRI) showcases strong fundamentals while ranking in the top 25% of dividend stocks. This unique position makes it a compelling choice for further research.
On Friday, shares of Carter’s Inc hit an interesting low, trading at $57.40 each, indicating an oversold status. Analyzing this situation through the Relative Strength Index (RSI), a key technical analysis tool, reveals insights about the stock’s momentum. Typically, a stock is deemed oversold when its RSI drops below 30. Currently, CRI’s RSI stands at 28.9, which is notably lower than the average RSI of 50.3 for the entire dividend stock universe tracked by Dividend Channel.
When stock prices decline, they often present dividend investors with a favorable chance to secure a higher yield. Carter’s Inc offers an annualized dividend of $3.20, paid quarterly, translating to an annual yield of 4.87%, based on the latest share price of $65.69.
For bullish investors, the low RSI of 28.9 could indicate that the recent sell-off is exhausting its momentum, making it an opportune moment to consider purchasing shares. Fundamental aspects such as Carter’s dividend history are crucial for potential investors to assess the likelihood of continued dividends.
While dividends can fluctuate, examining the historical chart below will aid in determining whether the current dividend trend is likely to hold.
Check out 9 other oversold dividend stocks you should be aware of »
Additional Resources:
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
