Nasdaq Dorsey Wright

Oppenheimer Weekly Feature

Published: July 11, 2019

This content is for informational purposes only. This should not be construed as solicitation. The general public should consult their financial advisor for additional information related to investment decisions.

There are no changes to the Oppenheimer Revenue Model this week. This model is updated on a monthly basis. The next evaluation will occur on Thursday, August 1st.

There are no changes to the Oppenheimer Revenue Model this week. This model is updated on a monthly basis. The next evaluation will occur on Thursday, August 1st.

After reaching a new all-time high in April at $41, shares of the Oppenheimer S&P Ultra Dividend Revenue ETF RDIV experienced a pullback in the month of May. In June, demand re-entered the picture, allowing the chart to reverse back up into Xs. Since that time, the fund has continued to rally, pushing as high as $40 this month. As a result, RDIV is now just three boxes away from a new all-time high as well as a second consecutive buy signal. Recall that RDIV is a holding in the OPPREV model and currently has an overweight of 40%. RDIV possesses a fund score of 3.23 and is trading well above the bullish support line that has been in place since July 2009. Weekly momentum has been positive for four weeks while monthly momentum has been positive for four months, both adding to the positive technical picture. RDIV is actionable at current levels with support offered at $37 and $33.50. Note RDIV offers a yield of 3.57%.

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