Dividend.com: Ailing Walgreens

Stock quotes in this article: WAG , BBBY , SGP , FLR , MW  

We have avoided shares of Men's Warehouse since our early June coverage began, and the stock was trading at $19.80. The company has a 2.09% dividend yield, based on last night's closing stock price of $13.39.

The company is near a $9 support level, and will need to hold. If not, it may head toward the next level of support, which is near $6 a share. If the shares can stabilize and move higher, we see overhead resistance in the $16 to $17 price area. We would look elsewhere at this time for better investment opportunities.

Men's Wearhouse is not recommended at this time, holding a Dividend.com Rating of 2.9 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks as well as a detailed explanation of our ratings system.

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At the time of publication, the author had no positions in stocks mentioned, although positions may change at any time.

Tom Reese and Paul Rubillo are senior editors of Dividend.com. Visit Dividend.com for more dividend stock ratings, picks, news, and analysis for long-term and income-seeking investors.





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