IvanLabrie
Long

PGC: Cheap valuation, strong accumulation, ready to fly

NASDAQ:PGC   PEAPACK-GLADSTONE FINL CORP
$PGC is offering an amazing buy signal here. We have a potential explosion pattern building, and if we break above the key earnings resistance above, we could see the 22.36 target get hit in the intermediate term.
I'm already positionied in this stock, and looking to add once we break the resistance. For now, you can jump in at market and add aggressively above 20.85 using the same stop loss.
Valuation for this company is very cheap, and they are profitable, which gives way for a perfect technical and fundamental trade.

Good luck!

Ivan Labrie.
Comment: Booya, add to the trade here, 1/2 of the size of the first entry, or enough to risk up to 1% if you risked less.
Comment: Hold!
Comment: Great progress really.
Comment: We can short calls at the money tomorrow, for 1 month or simply take profits. The trade has good long term potential, but we have considerable risk tomorrow.
Trade closed: target reached
Comment: We can buy back in here, or wait for price to break above 22.70. Risk is $1.35 per share. (you don't really need a stop loss)
Comment: I'm buying back at market open tomorrow.

Long term target:

snapshot
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