InvestingScope

Good investing opportunity on the U.S. banking sector.

Long
AMEX:KBE   SPDR S&P Bank ETF
The KBE ETF , which tracks an equal-weighted index of U.S. banking stocks, has been rising on a very steady 1M Channel Up since the 2008 financial crisis and has recently rebounded on the latest Higher Low ( RSI = 50.776, MACD = 0.640, Highs/Lows = 0.0000). This presents a good buy opportunity on banking stocks, which are expected to outperform the market in the coming years. Our long term target is 52.00 with 60.45 in extension.
High quality portfolio management, asset allocation with excellent risk management. Grow your account, achieve steady profit levels and increase your trading edge with InvestingScope (http://www.investingscope.com).