SLM gained a further +5.17%, via a second display of Open Drive price action behavior within the last 10 trading session. Since the start of 2021, SLM have accumulated a total gain of +43.10%, with majority of the gains effected from the rebound back above its 20DMA on 28th January 2021 onwards.
With SLM already broken out of its uptrend channel convincingly this morning with a new 52-weeks high, further immediate upside may be expected as current implied volatility (0.42/DAY) of SLM remains below its 2 months ATR peak at 0.58/day.
The next significant price resistance level for SLM is at $22.00, 27.35% away from its latest closing price.
SLM, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States.