Buy! Overreaction due to Q2 earnings down correction. Long

The Bank of New York Mellon CorporationNYSE

Description

⋅ Jul 15, 2020 3:48 PM

Fundamental:

Analysts reached a consensus estimate for Bank of New York Mellon's second-quarter earnings of 91 cents a share, according to FactSet. "Bank of New York Mellon Beats 2Q Profit Expectations," published at 6:51 a.m. ET, incorrectly said that the FactSet consensus estimate was 95 cents a share.

The Shares plunged about 8%. Definitly Overreaction.

General Bullish sentiment across several markets.

Technical:
RSI: 38,40;
Trendline(Flag Pattern);