Four Dividend Stocks Shaping Constructive Patterns

The recent minor pullback in the market was too brief to give most stocks a chance to form new bases. Yet many of the investment-management stocks are far along the base-building process. The money-manager stocks started declining in early to mid-January, bottomed in early February and then either moved sideways or worked on the right side of a base. The action leaves some in position for a breakout.

Some may object that breakouts are irrelevant to the income investor, who buys with the idea of holding. However, everybody can see the value of gaining an early cushion via a successful breakout. Only gains make a stock easy to hold: T. Rowe Price Group (TROW) is one of the investment-management stocks now near a new high, BlackRock (BLK) is approaching a 326.10 buy point in a first-stage base, State Street (STT) is about 9% off its high in a first-stage consolidation and Brookfield Asset Management (BAM) recently cleared a 40.92 buy point for a second time.

Source: Investors Business Daily

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