Boston, MA 08/06/2014 (wallstreetpr) – On the basis of valuation and strong fundamentals of a stock, the DividendRank formula ranks a coverage universe of hundreds of dividend stocks. According to reports, Fifth Third Bancorp (NASDAQ:FITB) is placed amongst the top 25% stocks which means that it is one of the best stocks to give a shot in today’s time. But it is not the fact that outshines FITB stock. Experts claim that FITB entered into the oversold territory which made it more interesting choice. Here the oversold territory is defined by RSI or Relative Strength Index. It is a technical analysis indicator which measures stock momentum on a scale of 0 to 100. A stock can only be considered as an oversold stock if its RSI reading is less than 30.
In case of Fifth Third Bancorp (NASDAQ:FITB), the RSI rating has hit 29.3 while the average rating of other stocks covered by Dividend Channel is around 39.8. If you are a bullish investor, then you can consider the RSI rating of 29.3 as a result of heavy selling in the near past, therefore you can remain on buying side.
Announcement of scholarships:
You don’t find many financial institutions that offer regular scholarships to children of their employees; FITB is an exception in today’s time. It has been offering scholarships to children since 2005 and so far it has distributed around 175 scholarships. The price money awarded to each student is $2500 annually. The only criteria of the scholarship is excellent academic performance. The scholarships are distributed with the help of The National Merit Scholarship Corporation (NMSC). It is an independent not-for-profit organization which works for the academic development of children. According to reports, Fifth Third Bancorp (NASDAQ:FITB) has distributed a total of $62,500 in the form of scholarships to all the extra-ordinary children of its employees.’ With the help of the scholarship, these children can get the desired education in their favorite college or university after high-school.
