FisicA_Investment

INBK - Possible short candidate?

Short
NASDAQ:INBK   First Internet Bancorp
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1
I found INBK through a Bloomberg terminal screening by using YoY growth in both EPS and Revenue ( >= +20%) then I sorted the list by the YTD return.

By just looking at the YTD return, INBK made a nice run for this year.

Their earning has been increasing since last year and that's why I think INBK performed really well lately.

Nonetheless, it may be a good company with solid earning but I think in the short term it will perform poorly based on the technical analysis .

Reasons
1) It failed break out and quickly reversed down with strong volume >>> indicate either a climax top or sell signal
*However, the market during that time was not good either .... The Black Monday 2015 might affect INBK .

2) Though the down volume has been lowered, the recent up volume was too small. Thus, no buyers seem to be interested in INBK yet.

3) Price is still under 10 week moving average.

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