ChristopherCarrollSmith

Elevate near support with solid fundamentals

Long
NYSE:ELVT   None
Elevate has been a little weak, because it's a subprime consumer lender and thus poses a lot of risk in a possible recession year. Also, earnings growth is expected to slow somewhat next year. Still, this company posted great earnings on its last report and has extremely bullish analyst ratings (9.8/10 summary score). It's also near a long-term support level right now around 3.70. Unfortunately this one's not optionable, so this is just for traders who buy shares.

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