Investment Perspective: Customers Bancorp (NYSE:CUBI) - Time to Buy
Customers Bancorp (NYSE:CUBI), a bank based in West Reading, Pennsylvania, shows promising signs that make it an attractive candidate for investment. Based on data from the third quarter of 2023 and recent news, there are several key aspects that make CUBI interesting for investors:
1....
Notice the divergence between RSI and price action. I like everything about this stock and its fundamentals but I will wait for it to cool down for a bit.
Risk is very small, you can go long here at market, upside is considerable in this very accumulated stock.
CUBI is a small but profitable bank with low risk and good potential.
Good luck,
Ivan Labrie.
$CUBI offers a very nice long opportunity against the Key Earnings Support level at 26.23. Look to enter longs next week, and aim for a retest of 27.38, risking a drop to 25.66 initially. Ideally, you'll get the fill as reccomended on chart, if not, you can simply enter long at market, and use the same stop at the open. Watch the open on Monday closely.
Check out...
We have an interesting setup in CUBI. I have taken many long trades in it before, and this is a good chance to reenter if support holds. Price has hit the yearly SMA, and also hit a weekly range expansion bar's mid point, which usually acts as support during a trend. As a sidenote, we have a 50% speed line support here.
There's an active weekly uptrend, and the...
Tim West has shared this setup in the KHL chatroom this week. I'm posting it so everyone sees it, in case you missed it.
We can enter shorts in TD, and additionally longs in CUBI to create a pair trade (or simply take the short).
Position size if trading the pair involves risking going long with 7% size in CUBI, and short TD (with the same size), simultaneously....
Traders,
The bulls are clearly in after a rounded bottom formed after the bullish impulse leg. It shows the bears pulled price back and the bulls have began purchasing stock again. The rounded bottom formed above the historical support resistance transition zone suggesting we have broken and retested, and confirmed upside off of this new level. We will see a 3...
CUBI is attempting to breakout from an advanced pivot at 25.78 on above average daily volume (tracking 25% above avg at the time of this writing). It's RS line is breaking out to new highs on both daily and weekly charts ahead of price.
Trying to apply what I learn from IBD's CANSLIM
On their IBD website, CUBI is the group leader (followed by SBNY - my favorite stock)
The recent rally did not have a nice base pattern (I might be wrong).
I might just wait for any pull back to 10W MA or 50D MA for LONG entry.
