Capital One (COF) Bullish Continuation

NYSE:COF   Capital One Financial Corporation
Last week, Capital One restored their quarterly dividend to pre-COVID19 price levels. The company announced a quarterly cash dividend of 40 cents per share, up over 300% from the prior quarter. The dividend will be paid out on March 1st to shareholders of record as on February 17.

The development excited investors enough and pushed Capital One shares to a new 52-week high of $115.50 at the beginning of the NY trading session on Feb 5.

With that said, further upside is expected. Daily timeframe shows a nice bullish gap to the upside refueling bullish optimum.

"Always prepare yourself for the unexpected turn."
Paul Forbes - Managing Partner @ LEFTURN Inc.