Valley National Bancorp Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Independent Director Jennifer Steans bought US$515k worth of shares at a price of US$10.29 per share. That means that even when the share price was higher than US$8.21 (the recent price), an insider wanted to purchase...
One of the cleanest setups I have ever laid eyes on. Clear impulsive 5-wave move off the low with each wave tagging ideal fibonacci extensions. The pull back was also 3-waves and perfectly tagged the ideal .5 fibonacci retracement. The last confirmation we need is for price to break above the previous high of $8.11 to confirm that we are heading to double-digits....
* Good earnings
* Steady up trend
* High 3-month relative strength in the Financial sector
* Breaking out of a ~9 month consolidation with higher than average volume
* Has been testing broken resistance as support for the past 5 days
* Maximum probable ROI is 22.38% if the trade goes in our favor
Trade Idea:
* Now's a great time to enter as the price is really...
Every day I pick a few stocks - the most undervalued stocks in AMEX, NYSE & NASDAQ with lowest RSI and other technical analysis (200-day moving average action and volume change), to trade for the next day. Charts for VLY is looking great for a 1-day long play (for tomorrow)
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