$BK Buy The DipThe market is over-reacting to $BK earnings and the stock is down over 7%. We believe this is a buy the dip opportunity. There's also the inverse head and shoulders pattern.
Bank of New York Mellon (NYSE:BK): Q4 Non-GAAP EPS of $1.01 beats by $0.01; GAAP EPS of $1.52 beats by $0.01.
Revenue of $3.99B (-0.3% Y/Y) misses by $180M.
As always, trade with caution and use protective stops.
Good luck to all!