| Shares of DCOM Now Overbought and First Financial downgraded to Neutral from Buy at SunTrust |
| News - Financial News |
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In trading on Thursday, shares of Dime Community Bancshares, Inc (NASD: DCOM) entered into overbought territory, changing hands as high as $13.49 per share. We define overbought territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be overbought if the RSI reading rises above 70. In the case of Dime Community Bancshares, Inc, the RSI reading has hit 73.5 " by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 57.9. Click here to find out which 9 other overbought dividend stocks you need to know about, at DividendChannel.com Investors could look at DCOM’s 73.5 reading as a sign that the recent heavy buying is in the process of winding down, which could bring a pullback in the stock. [Read the full article] In trading on Friday, shares of Astoria Financial Corp. (NYSE: AF) entered into overbought territory, changing hands as high as $9.19 per share. We define overbought territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be overbought if the RSI reading rises above 70. In the case of Astoria Financial Corp., the RSI reading has hit 70.8 " by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 57.8. Click here to find out which 9 other overbought dividend stocks you need to know about, at DividendChannel.com Investors could look at AF’s 70.8 reading as a sign that the recent heavy buying is in the process of exhausting itself, which could bring a pullback in the stock. [Read the full article] In trading on Friday, shares of New York Community Bancorp Inc. (NYSE: NYB) entered into overbought territory, changing hands as high as $13.30 per share. We define overbought territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be overbought if the RSI reading rises above 70. In the case of New York Community Bancorp Inc., the RSI reading has hit 70.2 " by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 57.8. Click here to find out which 9 other overbought dividend stocks you need to know about, at DividendChannel.com Investors could look at NYB’s 70.2 reading as a sign that the recent heavy buying is in the process of exhausting itself, which could bring a pullback in the stock. [Read the full article] 
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