On the RSI FFH has created a higher high, very bullish. Prem Watsa bought nearly Half a Million shares of FFH, I wonder if the Blackberry rumors are true? An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends An inverse head and shoulders...
Contextual immersion trading strategy idea. NMI Holdings, Inc., through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The share price rose after the company announced the pricing of its private offering of senior secured notes due 2025 (the “Notes”) and increased the aggregate principal amount of the offering to...
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We have artificially propped up market condition with high prices and low volumes on any matrix. Financial sector is not untouched by it. Recent rally in financial sector feels more like a speculation than value investment. But we're all allowed to speculate so power to all market participants. However the rally calls for pullback and there's a easiest trade...
Contextual immersion trading strategy idea. ASA Gold and Precious Metals Limited is a publicly owned investment manager. The firm invests in the public equity markets across the globe. The demand for shares of the company still looks higher than the supply. This and other conditions can cause a rise in the share price in the next days. So I opened a long...
Contextual immersion trading strategy idea. Ambac Financial Group, Inc., a financial services holding company, provides financial guarantees in the United States, the United Kingdom, Italy, Austria, Australia, France, and Internationally. The share price fell after bad earnings. It looks like it will continue falling. The demand for shares of the company still...
Contextual immersion trading strategy idea. ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The share price fell after bad earnings. Looks like it will continue falling. The demand for shares of the company still looks lower than the supply. This and other conditions...
Bank of America with its decent yield of about nearly 4% and a decent balance sheet maybe a good bye during this down turn. The trend drawn above show that approx $18.10 might be a key point for the stock. I would wait for it to reach there and show us a bounce to confirm my idea before opening a long position. As always I am a long term investor looking to buy...
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Elevate has been a little weak, because it's a subprime consumer lender and thus poses a lot of risk in a possible recession year. Also, earnings growth is expected to slow somewhat next year. Still, this company posted great earnings on its last report and has extremely bullish analyst ratings (9.8/10 summary score). It's also near a long-term support level right...
A week in the financial markets was held in the chronicles of the coronavirus. The epidemic is still under development. The number of deaths exceeded 700, and the number of deaths approached 40,000. A number of quarantined cities in China, many plants are idle, are already starting to disrupt the functioning of the global economy: some companies outside of China...
PennyMac Financial Services is one I already owned $1000 of, because it was already one of the cheapest booming companies out there, with a PEG ratio of just 0.48. It's looking even better after today's earnings report, with big beats on both earnings and revenue. Unfortunately, I can't seem to get a buy order filled after hours.
I'm uncertain what CURO will do tomorrow after its mixed earnings report, lowish sales guidance, and announcement of a share buyback and first-ever dividend. What I do believe is that the initiation of a dividend will be quite bullish for the stock in the medium-to-long-term. Stocks that initiate a dividend for the first time tend, over the next 6-12 months, to...
GGAL took a big hit to its stock price back in August after the Argentinian peso plunged and Argentina raised interest rates to 60%. Investors feared that would hurt GGAL's earnings, though I've seen no evidence that it has. Now the situation has stabilized, with the peso flat against the dollar for the last few months and interest rates gradually coming down....
RYF has been a slow-mover lately, but it's moving up today after a blockbuster earnings report from JP Morgan. RYF today is exiting oversold relative to the S&P 500. When you look at RYF's chart in isolation, it's right below a breakout level: With attractive valuations across the entire sector, I think this fund will indeed break out on the strength of JP...
Notice how the 200 Day MA was playing as the resistance ceiling of the bull flag, now that it's been broken flush to the upside there's been a Golden Cross on the Moving Averages, very interesting.
Eaton Vance has had some analyst upgrades recently and now sits at a 9.3/10 analyst summary score. Its valuation is rated 85/100 by S&P Global Intelligence. It has beaten analyst estimates on its last three earnings reports, and analyst forecasts of EV's earnings have been improving. Fair value on EV is now conservatively something like $52 per share. Plus, EV's...