The stock has fallen 30% over a 12 month period. The daily MACD and RSI showing positive divergence as the price going down. A price gap between $27.10 and $27.35 that was left there back in July 2012 got filled yesterday.
The PE ration down from 15 to 13's and 5% yield. Negative news abundant. The damage already out and priced in. Still a defensive business/industry compared to resources, insurance or even banks at this time. What more?
When the price gap of 2012 was filled yesterday, I knew it was time to buy.
I know there are people here talking about $26, $24 and even someone (who was short) suggesting something like $16 (yeah right). But, they might be waiting for a while before that happens.
I just feel it was the time to buy yesterday and far safer to buy yesterday or today than any other time in the past 12 months.
Good luck all long holders.
WOW Price at posting:
$27.77 Sentiment: Buy Disclosure: Held
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