KAS109
Long

GSKY - BLUE Skies for GSKY?

NASDAQ:GSKY   GREENSKY INC
If this can break through resistance @ $11.35 and resolve the gap @ $12.04, then I would be a buyer. Has support from the 10 and 20 ema , but will it hold? No position here. Any positive news might give it the juice it needs.

Risks:
Class action lawsuit
stagnation

From Forbes:
David Zalik is the cofounder and CEO of financial technology company GreenSky .
The Atlanta-based company has facilitated $13 billion in loans for home improvement projects via a network of banks and 13,000 contractors.
GreenSky has also begun to branch into financing for doctor, dentist and veterinary visits.
Zalik took the $325 million (sales) company public in May 2018.

From Yahoo Finance:
GreenSky increases patient access to elective healthcare by making dynamic, point of service promotional financing solutions available to a growing nation-wide network of strong clinical providers. GreenSky now offers the most comprehensive financing solution available in the industry. No peer offers both revolving credit and a full suite of extended term installment loan products,” said Dennis Kelly, President, GreenSky Patient Solutions®. “GreenSky provides a comprehensive and customized solution for practices and their patients, whether care is episodic in nature or recurring, utilizing installment loans and revolving credit, respectively.”

Trade active: In @ $11.78, Stop = $10.14, 0.2% capital risk, small share size
Comment: Possible add more shares here; ascending wedge pattern and 20 MA sloping up = good entry area. Will add at EOD based on today's closing action and FOMC meeting consequences.
Trade active: Stop to $12.17
Trade active: Consolidating, stop moved to $12.54
Comment: Adding more shares today, 0.2% more
Trade active: Stop = $13.76
Trade active: Stop = $ 14. 71. Will trail the 10 day low until position takes itself out. No more updates here.

Comments

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