Undervalued by 38% using Div Yield Theory, 25% <5 yr PE
-BRK's most undervalued bank holding
-Nearing 30 year demand uptrend line
- 8 years consecutive dividend increases
Understanding The trade:
As an options trader my goal is to identify trend change and utilize a breakout strategy to leverage profit off of major trend changes with minimal risk. Even though this contract does not expire till 7/19 I will be looking to take profit by early July as the rate of decay factor starts to come into play as the contract approaches expiry....
I like the look of this chart the clean double bottom and MACD divergence indicates prices should be around 44.5. Bought some June 28 43.5 calls for 39c
On a hourly basis, selling pressure accelarated and exceeded the regular sell of pace. Rather than technical analysis only, I also did my own fair value analysis for the stock, and at this point, there is a strong underlying value which may support the price at these levels. On given the price in june and today there is a formation of double bottom and given the...
BKS is forming within a rising wedge on the daily, approaching near major resistance @ 7.86.
The weekly trend has been changed which is very notable.
In order to maintain this bull run and completely enter a new trend in 2019, the price needs to set a higher low on daily before continuation.
Two areas to go long, dark purple present buying opportunity, if it breaks, i can see bk trading to light purple line. If conservative wait for 1st support to break, requires patience. #GL
The Bank of New York Mellon Corporation is a global investments company, which is focused on helping its clients manage and service their financial assets throughout the investment lifecycle. It provides financial services for institutions, corporations or individual investors. It allows clients to create, trade, hold, manage, service, distribute or restructure investments. It delivers Investment Management and Investment Services in 35 countries. It also has an Other segment, which includes the leasing portfolio, corporate treasury activities, derivatives and other trading, corporate and bank-owned life insurance and renewable energy investments, and business exits. As of September 30, 2018, the Company had $34.5 trillion in assets under custody and/or administration and $1.8 trillion in assets under management. It offers a range of actively managed equity and fixed income. It offers asset servicing, clearing services, issuer services and treasury services to its clients.
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BK
