BALTIMORE ( Stockpickr) -- With stocks correcting for a second straight week, investors are turning to the safety blanket of income stocks. After all, when capital gains are eroding, dividend payouts can be the only form of returns that investors see for a while.
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So it shouldn't come as a big surprise that high-yield assets are getting attention this month.
And with interest rates showing little chance of rising thanks to plummeting inflation and a strong dollar getting extra buying power from the recent gutting of oil prices, dollar-denominated income stocks are the place to be as the calendar gets ready to flip to 2015. But that doesn't mean you should chase anything with a fat dividend payout here; instead, we're turning to the charts for a technical take on which high-yield names are showing high-probability trades in this environment.
That's why, today, we're taking a closer technical look at five stocks with a dividend payout above 3%.
For the unfamiliar, technical analysis is a way for investors to quantify qualitative factors, such as investor psychology, based on a stock's price action and trends. Once the domain of cloistered trading teams on Wall Street, technicals can help top traders make consistently profitable trades and can aid fundamental investors in better planning their stock execution.
Without further ado, let's take a look at five technical setups worth trading now.
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