The Company reported a net income of $2.0 million and a pre-tax loss of $6.2 million for the three months ended June 30, 2020, compared to a net loss of $89.7 million and a pre-tax loss of $84.3 million for the three months ended June 30, 2019.
Adjusted pre-tax income was $18 million for the quarter compared to a $27 million adjusted pre-tax loss in the prior...
Ocwen Financial (NYSE:OCN) rises 15% in after-hours trading after its board authorizes an open market share repurchase program of up to $5M.
Estimates Q4 pretax income of $37M; net income of $35M; and pretax earnings excluding income statement notables of ~$12M.
Remains on track to achieve pretax profitability, excluding income statement notables and...
OCN closed at 4.3 on Friday. The average daily volume is about 750K with a 200 day moving average of 3.85 and a 50 day moving average of 4.23 can indicate an uptrend confimation. OCN still managed to close also above the 20 and 10 day moving averages which is a good indication of short term uptrend. It is still up over 40% from January YTD.
ADX is above 29 (...
Go short the OCN if it trades at 2.37 or lower. If triggered, place your stop at 2.53 and exit the position for a profit at 2.24 or at your own discretion. (Signals are valid for 1 day only. Always invest wisely).
In this signal you don’t get the following:
1. How to identify the trade setup
2. How to identify short term trend
3. How to protect gains in your...
Go short the OCN if it trades at 2.65 or lower. If triggered, place your stop at 3.05 and exit the position for a profit at 2.27 or at your own discretion. (Signals are valid for today only. Always invest wisely).
Learn the rules of this strategy at: www.udemy.com
