fchawla

PBI possible LONG play.

NYSE:PBI   PITNEY BOWES INC
121 views
1
longtime down channel and broke out.

1st fib extension showed target of ~ $10 --> taken out.
new fib with retracement to green line and expected target of green line. ~ $17.

Some fuel from Seeking Alpha article. Some from earnings .

on its way down now (lower highs and lower lows), but if it bounces off of $6.81 and heads back up (higher highs and higher highs), would look to buy and price target to ~$17. (with some resistance at $13 as well so could also get out then if you are more conservative).

GOOD LUCK!

Comments

How long do you think before it gets to like 13-15 if even, and will the ernings be good, are they usually if you know? Thanks
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out