MCC Has Bottomed Again, Time to Get Back in for the Upswing
Buy Medley Capital Corp (NYSE: MCC) at $12.45 or lower.
MCC is one of the stocks I watch for low-to-high price swings between ex-dividend dates. It is now three weeks since MCC went ex-dividend, and the share price has bottomed within 4 cents of the low of the last cycle.
The trade goal is a 7.5% gain before the next ex-dividend date on about November 20th or two months from now. The time period works out to a 45% annualized gain if the target is reached the day before going ex-dividend.
Buy up to $12.45
Sell at $13.40 or no later than the day before the next ex-dividend date.