Long Term Buy and Hold Idea in GRIDIn looking at this Index, NASDAQ:GRID has some top names that support Clean Edge Smart Energy Infrastructure, which is the future if America is to have clean, strong, useful power grids.
Some of the companies in this index you have heard of like: Schneider Electric SE, Johnson Controls International plc, Hubbell Incorporated, Enphase Energy, Inc., NVIDIA Corporation, Tesla, Inc., Cisco Systems, Inc., Hydro One Limited, Oracle Corporation, QUALCOMM Incorporated, IBM, GE, Texas Instruments Incorporated, Honeywell INC., Itron, Inc., and multiple other strong companies.
This Index has an annual dividend of $1.21 and a dividend yield of 1.27% which is really comfortable. It has a 39.42% dividend growth which is a healthy growth that we like to see. The payout ratio is 30.4%.
The summary of the index:
The First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index ( NASDAQ:GRID ) is an exchange-traded fund that mostly invests in stocks based on a particular theme.
The fund tracks a market-cap-weighted index of global equities in the smart grid and electrical energy infrastructure sector.
NASDAQ:GRID was launched on November 17, 2009 and is issued by First Trust.
The 52 week low was $85.10 and the 50 week high was $107.86.
Based upon the current price of $95.22 and seeing this stock is below the 200 moving average. This stock has room for growth. It has shown growth over the last Year, Quarter, Month, Week and Day according to the TimeFrame Continuity. The 9 Day Moving Average has crossed the 26 Day Moving Average. The RSI is a little hotter than I like at 63 but, there is still a little room to get to the 70's or even 80's. Which lets me know there is still room to run but, it is getting to a place of exhaustion before running more. This could be an excellent place to pick up shares as it approaches the 200 Moving Average and then as it breaks the resistance above, you'll have a nice set of shares to see profits with. This index should really shine with the big name companies that it holds. As they become more valuable this index should as well. I do enjoy the profits in the form of dividends just for holding this index.
I placed some strong support and resistance lines in yellow to help you see the trading range where this stock has pivoted hard below or above the lines. I do like how overall the trend from the left side of the chart to the right side is steadily climbing and we should continue to see this trend. Considering all the market has been through over the past few years, this index has held nicely. Remember the trend is your friend. I do hope this helps you in making decisions for your long term buy and hold.
