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welf

Multiple bear patterns form within a larger rising wedge

Prosperity Bancshares, Inc. (NYSE:PB)  
welf  
NYSE:PB   Prosperity Bancshares, Inc.
1
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PB
What: Bearish pattern
Why: Rising wedge breaks below trend line
Fundamental: Bank stocks had a decent rally this year partly due to the increasing odds of a rate hike but that's probably priced in by now. Looking for a 10%+ pull back in the coming months.
Profit Target: Price target at $49 on 2/2/17
Stop Loss: 10% above current price
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