It's not very common to see a Spanish dividend stock performing like this these days but the Australian fund IFM is trying to increase its stake in Naturgy and nobody is willing to sell the stock cheap. From the technical analysis perspective, there are no resistance level until last highs of 2007 (38.83). Although we are in overbought territory, we don't recommend to sell a winner like this one, especially if you bought it when it had a better dividend yield than it has today. As long as there are no signals of weaknesses on the IBEX 35 in the weekly or monthly charts such as bearish divergences, hold it.
hi, @alvaromroo , we have things to talk together...
alvaromroo
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The Spanish market offer stocks with very good dividend yields in a year where many investors are allocating their capital into dividend stocks. Leave your comments below and follow us on Tradingview to get more chart analysis!