Late last year, Wall Street had a bit of a panic attack when Fed chairman Jerome Powell suggested this tightening was on autopilot. While the broad market is responding with a full-throated rally, I want to focus attention on the moves in dividend stocks, many of which were battered by fears long-term interest rates were headed much higher. Here are five dividend stocks perking up:
Shares of Southern Company (NYSE:SO), a large utility, are threatening to push up and over a long consolidation range bounced by the $48-to-$50 threshold to the upside. Energy pipeline play Willians Companies (NYSE:WMB) is enjoying a push above its 200-day moving average. Shares of Ventas (NYSE:VTR), a medical real estate investment trust (REIT), have once again rebounded off of support at its 200-day moving average. Shares of computer hard drive maker Seagate (NASDAQ:STX) are blasting higher on Friday, up nearly 6%, breaking out of a downtrend pattern that has been in place since last summer.Well, we might as well talk about Western Digital (WDC) as well. Shares are up more than 6% after reporting results.
Source: Investor Place
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