Q: I am retired living off dividend income. I am tempted to add 1/4 position to an already full position of BCE as the price is now looking very attractive at 53.2/share yielding 5.7%.
53 has been the support base since April 2016 and 60 has been the resistance.
Has anything fundamentally changed with BCE to explain the drop in price? Or is it simply because interest rates are rising so the market is rotating from higher yielding stocks?
Would you add at the current price, or wait until BCE forms a base as it is still in a downtrend looking at the 8, 20, 50 day moving averages?
53 has been the support base since April 2016 and 60 has been the resistance.
Has anything fundamentally changed with BCE to explain the drop in price? Or is it simply because interest rates are rising so the market is rotating from higher yielding stocks?
Would you add at the current price, or wait until BCE forms a base as it is still in a downtrend looking at the 8, 20, 50 day moving averages?