New York Community Bancorp is Oversold

New York Community Bancorp Inc. (Symbol: NYCB) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making New York Community Bancorp Inc. an even more interesting and timely stock to look at, is the fact that in trading on Friday, shares of NYCB entered into oversold territory, changing hands as low as $9.38 per share

A bullish investor could look at NYCB's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on NYCB is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.

Source: NASDAQ

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