Ames National is a Regional BankGreat way to get exposure to financials!
P/B is only 0.96
Debt/Eq is 0.00
Profit Margin +29.4%
Oper Margin +75%
Insider Trans (6m) +152%
P/E 11.03
Market Cap 174.02M
Dividend 5.07%
Sales Q/Q +17%
ROE +9.2%
ATLO trade ideas
ATLO: Descending TriangleDescending Triangle
Pros
Descending volume
200MA descending
PPS below 50MA and 200MA
ATR descending
250RSI below 50
If confirmed
PT1 = 16,66
PT2 = 10,40
$ATLO #Trading #AmesNationalCorporation #Financial P/E 10.77
Oper Margin +75%
Profit Margin +29.4%
P/B 0.94
EPS this year +1.9%
0.74% Short Float
This stock is cheap as hell, is in a great sector - just got through earnings risk - and may move nicely out of this wedge here. I think a great price target is $21
$5 plus per share Profit PotentialFundies
Stock currently over valued - price should be around the 21s
Macro leading indicators 44% Correlation on the downside so if break lower means this trade is on so monitor these ( I anticipate these continuing lower in Nov & Dec)
Tech
Downwards wedge in short term
Price Struggles around the 29 levels
Trade Plan
Monitor Leading Macro Indicators - wait for the confirmation of downwards trend
Entry Starter - 28s Adds in 28.50s once confirmed on macro size add full size
Risk 29s - 30s ($1, $1.50)
Target Short term 26.28, long term 21s
Trade view Short Term - till end of year
Long Term - end of Q1 2020.
Potential Hegde with MHH
