'Buy Zones' For The DIY Portfolio, Part 4b: Consumer Discretionary
By Parsimony Investment Research:We posted Part 4 of our "Building A DIY Dividend Portfolio" series Friday, which highlighted our top-ranked dividend stocks in the Consumer Discretionary sector (see summary table below).As we highlighted in Part 4, we believe that patiently waiting for a low-risk entry point for a given stock will drastically improve your long-term investment results. Just because a stock has a high Parsimony composite rating, it doesn't necessarily mean that you should run out and purchase it that day. We scan the charts of our top-rated stocks daily looking for strong levels of support and resistance, which ultimately helps us determine a target "Buy Zone" for each stock.
Tactical Strategy for the DIY Dividend Portfolio
As a follow up to Part 4 (Part 4b, if you will), below are our target "Buy Zones" for each of these top-rated Consumer Discretionary stocks. For the most part, Consumer Discretionary stocks have pulled-backComplete Story »