SLM CorporationEntry only if the resistance line breaks!
Take profit and Stop loss are marked on the chart.
Good Luck!
SM1 trade ideas
SLM - Trying to break thru 100ma resistanceSLM seems to be struggling at the 100ma mark. I think it should not be long before it pushes through and looks for new highs around the 21 level.
I bought the Jan $21 call for .25
Student Loans Business a WinnerSallie Mae specialises in providing private loans to students and seems to be doing very well out of it. The stock price is up 200% over the last 12 months and with a recent pullback could be a good time to have a look around for an entry if the business appeals to you.
US Stock In Play: $SLM (SLM Corporation)$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.
SLM Breakout WatchSLM wanted to break out but bad market conditions held it back. Still closed above previous resistance which is a good sign if it holds as support. Watching for another breakout with a tight stop loss below the bottom trendline. SL less around 1%
$SLM Double top - still in channel3 month long channel on $SLM
20% drop is big... but still in line with price action.
Anything below $6.50 is cause for concern in the next 2 weeks.
RSI on the daily is almost oversold. Would expect the selling to slow in the next 3-5 trading days.
Patience is key.
$SLM,, Soild uptrend I can see this company is doing well and it is a good entry now with PT to 9-10 within 4 weeks
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 .
A political play around student debitLooking at the monthly chart we might have a repeat of 2017. During the 2008 crash, it got hurt hard but a lot of stocks are trading at all-time highs. If any democrat comes into the office this will most likely fall. If Bernie Sanders gets the democratic nomination I would not want to be holding this. If Trump gets re-elected it will most like go towards a new all-time high.
longThere is a very strong support line.
The stock bounced at it today and finished the day bullish ( hammer ).
What i like is: As you can see the stock gap a lot recently and then came back during the day and bouced right at this support, then the stock retrace a little bit and here we are again at this support. What happen today is that the stock went down strongly but the bears did not have the power and the control to stay at this level so the bulls came in and finished the day close to the open so that was a nice hammer candle and this is why i think the bulls are now ready to reverse the trend.
LongI like this stock and this is why:
There is a very strong support line.
The stock bounced at it friday and finished the day bullish ( hammer).
What i like is: As you can see the stock gap a lot recently and then came back during the day and bouced right at this support, then the stock retrace a little bit and here we are again at this support. What happen friday is that the stock went down strongly but the bears did not have the power and the control to stay at this level so the bulls came in and finished the day close to the open so that was a nice hammer candle and this is why i think the bulls are now ready to reverse the trend.
Trending up and up.I've taken positions in SLM in the past and think we may see a small dip here in the next few days followed by a continued rise in price until the eoq. I would keep an eye on unemployment and interest rates as they will indicate the ability of slm debt holders ability to pay back on their loans.
SLM long term holdingBeen accumulating SLM. Adding at today's open. Sallie Mae is the ONLY govt sponsored Biz Entity to be almost unscathed during the 2008-2010 debacle that bought down FNM- Fannie Mae ; and FNM- Freddie Mac. Per share dividend yield is 6%. Cd's and Govt Bonds are paying much less. If you're patient and want to hold to 5 years - Look for $ 24/ per share and 8% per year in dividends 48 months out. Trade Plan: long $10.25 stop $9.20, look for next p/back to add (if not currently invested).
