AngusMcK

PFSI:NYSE - PENNYMAC - Benefiting from US housing boom.

Long
NYSE:PFSI   PENNYMAC FINANCIAL SERVICES INC
As mortgage brokers PennyMac has been benefiting from the strong USA housing resurgence. Existing home sales rose by 10.5% y-o-y to a seasonally adjusted annual rate of 6 million units in August 2020, according to the National Association of Realtors (NAR). Likewise, new homes sold soared 43.2% y-o-y to a seasonally-adjusted annual rate of 1,011,000 units in August 2020, according to the US Census Bureau. Worth a look.
Comment: Nice 17% run before pullback.

NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.

MY SUPERTRAIL INDICATOR: https://supertrail.io/

MY TRADINGVIEW TIPS AND TRICKS VIDEOS: https://bit.ly/3hR8re4

ZERO COMMISSION TRADING for AUSSIES, KIWIS, POMS & BRAZILIANS: https://bit.ly/2KxU820

Comments

your analysis is excellent
Reply
AngusMcK abel11
@abel11, thank you :)
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