Showing posts with label World's Best Job. Show all posts
Showing posts with label World's Best Job. Show all posts

Sunday, May 28, 2017

"World's Best Job" candidates

For those of you unfamiliar with "WBJ", see this defunct Yahoo group. The basic philosophy was to buy a stock prior to the ex-dividend date and sell when the total return is 3%. I'm planning to use this as a precursor to a "Dividend Play" just before the ex-dividend date. I'll start by using a Portfolio123 screen to show me stocks that have:
  1. Weekly options 
  2. At least 4 weeks to go before an earnings report
  3. Ex-dividend date between 15 and 30 days before going ex-dividend
  4. Yield above 3%
  5. 19 years of increased dividends
Then I'll monitor them with StockCharts.com, planning to buy on a price weakness, defined as RSI(2) under 20. For example, the current candidates:
 
http://stockcharts.com/freecharts/candleglance.html?KO,MCY,OMI,TROW|B|B2|-1

I also have a workbook that calculates possible limit prices for RSI(2) being breached. For example:

TickerCurrent RSILast PriceBuy Target
OMI29.5$31.91$31.79
TROW48.5$69.70$68.80
MCY55.8$55.66$55.07
KO94.7$45.39$44.60