stock is going up with the banks in a strong upward rally. For longterm investors, you can buy into this recent strength and hold it for highly probable and profitable investment. I think this investment should be about the next 6 months -1 year. The technical analysis
looks really good too because the relative strength index
has broken the downward channel
and now is going up positively. If this stock here today is at 47.89, I would expect a retest near the all last highs of 56$-58$. By buying low relatively now and selling higher at 56$, you will receive approximately 16% !!!!!. Now that doesn't seem like ALOT
, but it is when your investing consistently.
Anyways, goodluck out there and enjoy buying the banks. (They've finally made bottom from last year !!!)