MACD and RSI bullish divergence on RIO

NYSE:RIO   Rio Tinto Plc
I've been waiting a long ass time for this thing to bottom, and it looks like it finally has. Both the daily and weekly look good, and it's above it's 50 SMA . The chart divergences illustrated also are positive. This is a very safe stock with very low volatility , high dividends, and an upside price of $90 if the market doesn't turn belly up. Even if it does, these are the type of stocks people look for when the shit hits the fan.

Not normally one of the sexy growth stocks I look for, but when the market starts to look as unstable as it is right now I have to look at safer options.

Fundamentals don't normally get me excited, but numbers like these do:

10.4% dividend %
P/E ratio of 5.72 Holy crap!
Profit Margin ( TTM ): 32.2%
Annual EPS growth last 5 years: 71%

Don't take my word for it, check it out


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