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SLM 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%
3 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.
I can see this company is doing well and it is a good entry now with PT to 9-10 within 4 weeks
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...
Looking 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...
There 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...
I 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...
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.
Shooting star with good risk reward ratio
Rejected first fib level from a recent strong trend starting late march. First target at fib level and second target at recent highs seems realistic.
Been 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...