Genworth FinancialI was given this as a "free stock" so this is me keeping an eye on this asset. Feel free to join me if you like!
Genworth
MIC - downwardFrame: Daily
Trending bearish. If it breaks 33.99, look out 32.38. If it breaks 32.38, look out below.
GNW - recovering fortune 500 giant, turnaround play of the yearGNW recovery play, Long at 3.08 as of 6/14/2016, target 6.50 or more by this time next year. GNW was hit by horrible guidance and earnings the previous year and is just starting to recover since the last earnings early May. It has stopped the bleeding in its LTC unit and is poised to make a turnaround. Rate hikes should help GNW as well. 82% of stock float is held by institutions and mutual funds, and multiple firms have been picking up position in the stock the last quarter. The current tradable float is small and will be very volatile on low volume. I'm long Jan 2017- 5 strike calls. Looking for 5 by September
