AI
Friday, July 29, 2011 10:56:03 PM
I know we tend to look for quick, sexy moves. Here's a slower move that may be about to take place in a bank stock.
I found this stock because a buddy of mine's dad is on the board of directors. Was looking for something else, but curiousity got the best of me, and I pulled the chart to see how they're doing.
Seems as though a positive MACD crossover is good for a 60% move that takes 4mos - the next one is about to occur if CMF will cross. If it stays true to form we should see $38 by the end of November.
Consider it a time capsule, and I'll check back in 4 mos to see how it plays out...
I found this stock because a buddy of mine's dad is on the board of directors. Was looking for something else, but curiousity got the best of me, and I pulled the chart to see how they're doing.
Seems as though a positive MACD crossover is good for a 60% move that takes 4mos - the next one is about to occur if CMF will cross. If it stays true to form we should see $38 by the end of November.
Consider it a time capsule, and I'll check back in 4 mos to see how it plays out...
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