BJK paid a 2014 dividend of $1.88, giving the ETF a trailing 12-month yield of nearly 5%, or more than triple the yield on XLY. Dividend cuts from casino and gaming firms would run counter to expectations calling for double-digit dividend growth for the consumer discretionary this year.
However, BJK’s technical are not bad and the ETF’s chart indicates there is near-term opportunity available for nimble traders.
“The weekly chart has made 4 tests of the symmetrical triangle. Two tests were resistance, and 2 others acted as support. Consider adding some chips on the potential breakout of the downtrend line,” according to Captain John Charts.
Market Vectors-Gaming ETF
Chart Courtesy: Captain John Charts