SLM , Good buy but not just yet...


Great company to pay attention to...

After positive earnings (April 22nd) SLM ran up an it looks like its on the down run back to support on technical . Great candidate for swing trade but wait for it to return to support first .
Also, keep and eye on short float at that time as its currently high (11.66%) but if its lower as price returns to support that will help to identify the logic of traders shorting without too much homework :) ....

As you can see from the fundamental metrics on the chart , this company looks like a pretty good play. Not a buy yet, not until it gets closer to back to support but I would not be surprised if it forms a support line that trends up . On their fundamentals, I noticed their debt to equity ratio was pretty high at 16.94. However, their book value per share is 4.20 so taking this in to consideration their debt is really nothing to be worried about at this point .

Summary: Great fundamentals , watch technicals to help determine an entry point in the future . I will plan personally plan on swing trading this one but great long term outlook too .

I will try to remember to post my bot price , stop and take profit values when the time comes .


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