Time for some Schadenfreude, I think. Forbes’ DividendChannel declares, on 17-Dec-2012, That “Top Quartile Ranked Dividend Stock HLF is Oversold”.
The stock stood at $43 at the time. Then Bill Ackman came along. It is now at $26.06.
So much for the “oversold” theory.
Counter-intuitively, in an article at Stockopedia, they discovered that strong relative strength, not weak, correlated with excess returns.