The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. P & F Industries, inc. ( PFIN) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.But making P & F Industries, inc. an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of PFIN entered into oversold territory, changing hands as low as $6.73 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of P & F Industries, inc., the RSI reading has hit 28.6 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 42.2. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, PFIN's recent annualized dividend of 0.20/share (currently paid in quarterly installments) works out to an annual yield of 2.60% based upon the recent $7.72 share price.