Notes: * Very strong up trend on all time frames * Great earnings * Pays out dividends * Breaking out of a base on base pattern of around 8 months * Held up incredibly well as the general market and the financial sector were taking a beating
Technicals: Sector: Financial - Insurance - Property & Casualty Relative Strength vs. Sector: 1.15 Relative Strength vs. SP500: 1.16 U/D Ratio: 0.95 Base Depth: 22.15% Distance from breakout buy point: 0.44% Volume 9.09% above its 15 day avg.
Trade Idea: * You can enter now as the price is just breaking out of its base and is still very close to its 50 day line. * If you're looking for a better entry you can look for one around $136.75 * This stock usually has local tops when the price closes around 15.82% above its 50 EMA * Consider selling into strength if the price closes 15.62% to 16.02% (or higher) above the 50 EMA... * The last closing price is 5.02% away from its 50 EMA
hey , what you think about cvbf ?? it is financial as well thanks
HaseebKhan_90
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@TORNADOF5, CVBF also looks really good! Nice find! I think 24.9 should hold as support short term It seems like it's creating an ascending channel and may top around $26. Keep an eye out around that level and the current volume is low.
TORNADOF5
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@HaseebKhan_90, och i was sure it drop to 24.40 to buy from there , yes it seems strong =/ thanks
cvbf ?? it is financial as well
thanks