Technical / Fundamental Analysis - Dividend and Growth

This is a very quick analysis based on a combination of technical and fundamental analysis. Using the VectorVest system to scan all shares in the ASX, the list of 7 shares presented here are based on the following criteria.
1. High Dividend Yield - DY
2. A VST Vector Vest proprietary score >= 1.20
3. Growth Rate > 15%

The original intention of this search is to find high dividend stocks, but we also want "good" stocks. The VST score is an overall rating of the proprietary indicators of Vector Vest. VST range from 0.0 to 2.0. Any stocks above 1.0 is good, so we chose VST >=1.20. Also we look at stocks with good growth rate in the future.

The results are the following 7 stocks:

Company	Symbol	Price	DY	VST	GRT	Industry
Seven West Media Ltd	SWM	4.04	11.14	1.3	18	Consumer Discr(Media)
IMF Ltd	IMF	1.42	10.56	1.28	24	Financials(Diversified)
Myer Holdings Ltd	MYR	2.33	9.87	1.2	21	Consumer Discr(Retailing)
Aus Leaders Fund	ALF	1.17	9.4	1.21	22	Financials(Diversified)
Finbar Group	FRI	1.01	8.91	1.22	26	Financials(RealEstate)
Southern Cross Media Grp Ltd	SXL	1.335	7.49	1.38	25	Consumer Discr(Media)
Alesco Corp LTD	ALS	1.33	6.77	1.3	22	Industrials (CapitalGoods)

The graphs are shown below. As it turns out, although we are looking for good dividend shares, these stocks are also showing good signs of turn around. Turn around stocks are good opportunites as indicated by O'Neil and Weinstein.

Key:
Black Line = Price
Purple Line = 40 Moving Average
Green Line = Stop Loss Price

PS Apoologies for the quality of the graph, eg for the lack of time scale. They are 1-year graphs. More detailed graphs can be obtained from many other free financial websites: finance.yahoo.com, etc.

ALS - Has been suffering for some time, but has stabilised recently. It has also risen above its 40day Moving Average (40MA)

SXL - same story as ALS

ALF - has started a very strong climb and shows no signs of weakening yet.

FRI - is almost reaching its one year high. Again the rise looks set to go on.

IMF - has been a good performer throughout the GFC but slumped in the past year. There are recent signs of turnaround.

MYR - This is the well known but unloved Myer shares. It had a false bounce recently, but may soon follow with a double bottom. Need to wait and see.

SWM - This is another well known industrial - Seven Media. It has been solidly rising for the past half year.