$ALIT - reversal to $7All indicators point to a reversal, oversold and heading bearish short term. unusual options activity at $7, 10k contracts bought, yesterday there was only 593 open.
Lots of pressure to 7 here
could catch support there, this is a small move play.
playing this solely on technicals, and is a short term strategy
not trade advice
FIBK trade ideas
FIBK diamond bottom?Strictly off technical analysis, and not financial advice. Possible diamond bottom. Expecting to move back into the wedge one last time prior to break out. May have already missed the move up, but set buy order for $38.25 w/ stop under current higher low trend lines at $36.49. If correct, expected move up to origin at $44.26. Set limit at $43.14 which is another possible point of origin. Could take profit and let a few shares ride.
FIBK back to the 42 rangeBeen watching this one for a few days now due to the heavy volume. Wish I would have been accumulating some shares in the 38's, but I feel there is still a little room left to rally.
Quick DD. Growing bank mostly located in the northwestern US. Profitable bank and pretty safe/boring investment overtime. Pretty much sideways movement.
Stock price was recently hammered because of an acquisition of a bank that operates in the the northern Midwest territory. Should expand business quite a bit if it works out. Natural to see the acquiring company's stock price take a hit short term. I feel like I am getting in a little late so setting a tight stop, but momentum looks good and I think there's a better chance we get back to the 50 day MA range which would price this ticker around $42. Low risk/low reward.