Top SHORT picks 9/12These 4 are my top Short ideas for today into the future until the price stays below the Red TrapZone.
The picks are based on momentum, volume and price action.
5.96%
8.89USD
1.145BUSD
3.631BUSD
130.922M
About Comerica Incorporated
Sector
Industry
CEO
Curtis Chatman Farmer
Website
Headquarters
Dallas
Employees (FY)
7.649K
Founded
1973
ISIN
US2003401070
Comerica, Inc. engages in the provision of financial services. It operates through the following segments: Commercial Bank, Retail Bank, Wealth Management, Finance, and Other. The Commercial Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services. The Retail Bank segment includes personal financial services, consisting of consumer lending, consumer deposit gathering and mortgage loan origination, and offers consumer products, including deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans. The Wealth Management segment offers fiduciary services, private banking, retirement services, investment management and advisory services, investment banking, and brokerage services. The Finance segment includes the corporation's securities portfolio and asset and liability management activities. The Other segment includes the income and expense impact of equity and cash, tax benefits, charges of an unusual or infrequent nature that are not reflective of the normal operations, and miscellaneous other expenses of a corporate nature. The company was founded in 1973 and is headquartered in Dallas, TX.
ZION,UMBA,WAL,CMA 5d 202303145 day snapshot of 5 regional banks after Moody's downgrade on Mar-14-2023 and collapse of Silicon Valley Bank and Signature Bank
ZION, UMBA, WAL, CMA
US Banking in turmoilFollowing the weekend banking crisis with Silicon Valley Bank, Silvergate and Signature Bank, we're seeing massive contagion risk as bank runs occur. Was the intervention by the FDIC, Federal Reserve Bank, and Treasury, enough to easy concerns?
CMA - Bottom Within ChannelI have drawn a large channel in solid white
this is accompanied by a triangle structure but more importantly it as a double bottom for price
I have shown this double bottom with a bars pattern along the lower line of the triangle
This is where I think price will turn a recovery
Bearish divergence on CMA Daily and 4HWeekly (not shown):
Possible bearish divergence coming up. Impulse still green, but is shows prices around 101 were rejected and price closed much lower.
MACD-Histogram still rising, as well as EFI. sRSI declining, although it could cross.
Daily
Bearish divergence on MACD-H, MACD lines, EFI and eve
CMA - LONG - ZOOM-OUTOh, it's a long way home
It's a long way home
In the night alone
(Johnny Hallyday)
Cup and Handle Earnings Tomorrow BMOThe handle is in a rectangle. Financials have been hot but who knows when the sector will rotate out? The top line of the rectangle should be red as it is resistance.
Support at handle low 65.66 and Mid cup 48.85 Depth is 49.15 LONG ENTRY is 73.55
No recommendation
Breakout CorrectedWe have corrected the breakout today. As long as we are holding above yesterday's high we may likely rise again.
$CMA UPI LIKE HTIS FOR A SHORT TERM HOLD, SELL SOMETIME THIS WEEK. IT BROKE 10 EMA WHICH IS GOOD TODAY.
CMA at Double Pivot Resistance Area. Short PotentialCMA at a double resistance area. Volume and price volatility has died down. Look for price decrease.
See all ideas
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