Dividend Stocks Making Meaningful Moves Higher

Catalysts for the optimism include reports of a tentative agreement on border security ahead of a Friday deadline to avoid another government closure, ongoing hopes for a U.S.-China trade deal and ongoing dovish vibes from the Federal Reserve. The Q4 earnings season is winding down as well, which is opening up the share buyback window allowing corporate executives to load up their balance sheets with their own shares once more. While high-growth stocks in areas like technology are leading the way higher, the more conservative dividend stocks are coming along for the ride too. Here are some dividend stocks paying a dividend of 4% or more that are worth a look...

Shares of Exxon Mobil (NYSE:XOM) are enjoying a lift off of support near its 50-day moving average, setting up a run at the 200-day average that hasn’t been crossed since December. Shares of Chevron (NYSE:CVX), which pay a 4.1% dividend yield, are challenging their 200-day moving average to cap a near-19% rise off of its late December low. IBM (NYSE:IBM) shares are extending their recent recovery above their 200-day moving average, closing the gapped move lower that they suffered from in the middle of October. Shares of Schlumberger (NYSE:SLB) are consolidating their recent push above their 50-day moving average, setting up a run at the 200-day average that hasn’t been touched since back in August.

Source: InvestorPlace

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