Hickory Tech for income
This morning while screening on Barchart for stocks hitting the most frequent new highs showed Hickory Tech (HTCO) near the top of the list with 16 new highs and up over 17.61% in just the last month. This stock has been up and down like a yo-yo but deserves a place on your watch lists on momentum alone although income investors might look at the 6.10% dividend rate.
Hickory Tech (HTCO) is a diversified communications company engaged in operating four incumbent local exchange carriers (ILECs). This business consists of connecting customers to the telephone network, providing switched service and dedicated private lines, connecting customers to long distance service providers and providing many other services commonly associated with ILECs. Additionally, they undertook business start up initiatives in long distance, internet access and competitive local exchange carrier businesses.
Barchart technical indicators:
100% Barchart technical buy signalTrend Spotter buy signalAbove its 20, 50 and 100 day moving averages16 new highs and up 17.61% in the last monthRelative Strength Index 81.71% and risingTrades around 11.49 with a 50 day moving average of 9.71
Jim Van Meerten is a Marketocracy Master