NAVI Long Trade SetupCurrent Situation:
Trend: NAVI has been on an uptrend since May 15th.
Support Level: NAVI is currently at a support level and appears to be holding.
Trade Strategy:
Entry Point: Enter a long trade at $0.2660.
Take Profit Targets:
First Target: $0.2950
Second Target: $0.3220
Third Target: $0.3500
Stop Loss: Set just below $0.2491 to manage risk.
Summary:
NAVI's uptrend since mid-May presents a long trade opportunity as it holds its current support level. Entering at $0.2660 allows for potential gains with take profit targets at $0.2950, $0.3220, and $0.3500. A stop loss at $0.2491 helps mitigate potential downside risks.
NAVI
NAVI Week of 11/16NAVI is about to reach a point of high resistance.
First there needs to be a closing candle over the red resistance line. Once that holds it needs to break over the 1.414 Fib ($10.51).
High volume and the candles not deviating too far away from the white line is key.
If the candles dont break and bounce off resistance, this would be the second rejection from this uptrend. What does this mean? we are heading down to the green support line or the .786 ($8.69).
As always I am looking forward to all of your comments or corrections.
Bullish Charts - Robust Earnings, Undervalued & 7.79% YieldNavient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. It operates through four segments: Federal Education Loans, Consumer Lending, Business Processing, and Other. The company holds and acquires Federal Family Education Loan Program loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing and asset recovery services on its own loan portfolio, and federal education loans owned by the United States Department of Education and other institutions. It also holds, originates, and acquires consumer loans; and performs servicing activities on its own education loan portfolio, including private education loans, and private education refinance loans. In addition, the company offers revenue cycle management and business processing services; and healthcare services that include revenue cycle outsourcing, accounts receivable management, extended business office support, and consulting engagement for federal, state, and municipal clients; public authorities; and healthcare organizations. Further, it provides customizable solutions for its clients that include hospitals, hospital systems, medical centers, large physician groups, and other healthcare providers; and corporate liquidity portfolio and debt repurchase services. The company was founded in 1973 and is headquartered in Wilmington, Delaware.
07/21/20, Navient Q2 Earnings Blew Away Wall Street Estimates
Daily Chart looks Bullish with indicators turning up, positive. BULLISH
The company has a current P/E of only 4.94x
Current EPS: $1.54
Yield: 7.79%
Reported Earnings: Q2 EPS $0.91 Beats $0.47 Estimate
Market Cap: 1.5 Billion
Institutional Ownership: 98.17%
In my opinion, the stock is DIRT CHEAP at current levels.
Compare this company's earnings to Bank of America & Wells Fargo, NAVI is blowing away Bank of America earnings along with many other large banks including Wells Fargo!
I think NAVI should be trading around $30.00 all day long with the earnings the company is delivering.
Long!
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