Wintrust Financial Corporation - Depositary Shares, Each Representing a 1/1,000th Interest in a Share of 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Prefer
Wintrust showed up in the screener today 12.09.2022 with a MACD crossover. Uptrend is not impressive but has last week passed EMA 200.
The sector is Finance and Industry is Regional Banks. The sector is supposed to benefit from the rising interest rates.
So I took the trade on $88.78 with a SL on $83.
We can observe a Double Top Pattern that already happened, the gain expected for this short position is the same size as the max top of the pattern shown
