Dividend.com: Ailing Walgreens

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.