CUBI: Interesting long setup

NYSE:CUBI   Customers Bancorp, Inc
We have an interesting setup in CUBI . I have taken many long trades in it before, and this is a good chance to reenter if support holds. Price has hit the yearly SMA , and also hit a weekly range expansion bar's mid point, which usually acts as support during a trend. As a sidenote, we have a 50% speed line support here.
There's an active weekly uptrend, and the target for it is 28.54 to be hit before July 8th. We can enter longs at market open, with stops under 24.71 for a 2.56R trade opportunity here.

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Ivan Labrie

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Comment: Let's see if the market picks up some steam during the week. Monday's session has been disappointing for longs.
Comment: Seems viable still.
Comment: Back in the green.

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