The PEAD projected a Bearish outlook for $NTRS after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 33.33%.
Hello! Friends, This would be a great short Opportunity, IF NASDAQ:NTRS breaks down the Daily Support line at $74.70 (with a whole Candle) !!
This is a favorable setup for a long position on the daily chart. - Clear structure of higher highs and higher lows since march drop. - rsi not overbought and macd cross on daily possibly tomorrow - Currently possible move up from 0.618 fib. if open on monday is a bullish candle this is a good entry. wait for confirmation - first target is just under 100$. would...
Over the past 6 months, we have seen that NTRS is consolidating in the 88.00 - 100.00 zone, with 100.00 acting as a firm resistance level. Last Thursday and Friday (24&25 October), we saw that buyers pushing and close the price above 100.00, indicating a potential start of another bull run. Target price can be drawn to 108.00 than to 112.00 (all-time highs).
Reasons to buy: 1) breakout from ascending triandle 2) heavy volume 3) Finance Sector Index also breaking out of the triangle 4) bullish S&P500
NTRS: northern trust corp 2018-07-17 16:30:02 Detected possible stock repurchase