After the miss in August () I am taking another run at NYCB. I think at 1.2x TBV, a forward P/E of 7 with growing earnings and a 7% dividend yield this is an attractive proposition. I think a good first target is around 10.70 - 10.78 where the 38.2% retracement of the drop since August and the upper edge of the volume control band are. A SL would be reached for...
I expect NYCB to hold its rising intermediate trading channel, and to challenge and break its declining short-term trading channel. I expect this to resolve in the coming week, and if it indeed resolves as I anticipate, I intend to initiate a long position. My interpretation of US equities markets is that, following a euphoric July, market participants got...
a Grab Bag of interesting stock setups. It's possible the market just chops around for a a few weeks and more, so I'm looking at other stocks which have interesting setups. It's a bit random, but I hope it's helpful Good luck!
A large down channel is in play which is dominant A smaller down channel is also evident which is dominating the current trend, it is a sharp down channel. I think price will continue down until the low of the larger channel which is the bottom trend line.
New York Community Bancorp, Inc. is a bank holding company, which engages in the provision of multi-family loans on non-luxury rent-regulated buildings that feature below-market rents. It also offers financial products and services to individuals and businesses. The company was founded on July 20, 1993, and is headquartered in Westbury, NY.
nycb buy .. cup and handle .. finally target 13.96 .. stoploss under 200ma ..
Buying in now at $12.59 Sell at $14 New York Community Bancorp is trading below fair value. I anticipate when tech stocks make reversal we will see bank stocks gain more steam as investors swing back into more value stocks. RSI is at ideal level, and Squeeze Indicator is showing good momentum.
Ascending Triangle. Not confirmed just yet. Needs to break the 12.85$ with volume to confirm the patern. If confirmed: Price target = 18$ Stay humble, have fun, make money!
Hey people, NEW YORK COMMUNITY BANCORP is in a fake bearish configuration with a water-carrying candle shape followed by the bearish leg and a continuation of issued buy volume. The TIMEFRAME M1 on observed a hammer candle with a high volume of sales executed it will go on the basis of the bollinger. To test her highest and finish on the top of the balance zone to...
NYCB looks like it's a really solid buy down here right now. Not only does the stock have a healthy 7.5% Dividend Yield - so you get paid to wait for this trade to work - but it's recently sold off into a support area that looks prime for a bounce. Both conditions and expectations now are better than they were in March when NYCB traded into and then off of this...
Crazy times right now, however the indicators are saying this is heading down.
Trading is all about risk mitigation right? if you are going to take a risk, take one that is worth it. This trade set up does not have all the necessary signals, ill be frank. What it does have is a super minimal risk set up with a really SOLID return set up. Two trades here, one long term and one short. i would probably go with the longer term one because why...