Diana Containerships Inc (DCIX) – Warning: Avoid This High-Yielding Dividend Trap At All Costs

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A look at the technical picture shows Diana Containerships Inc (NASDAQ:DCIX) has been in a downtrend since June 1. It is trading solidly below the 50- and 200-day simple moving averages with slight technical support evident in the $3.60 range.

Risks to Consider: High yield without the support of fundamentals and company growth can be a dangerous signal for investors. While Diana Containerships Inc (NASDAQ:DCIX) may become profitable given an improved world economy and prudent money management, the risk is simply too high right now for yield-seeking investors.

Action to Take –> If you own Diana Containerships Inc (NASDAQ:DCIX), you may wish to close your position. I do not see any upside for this company over the next 12 months. If you see things differently, watch the stock carefully and be ready to sell should matters get worse.

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