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First Interstate BancSystem, Inc.First Interstate BancSystem, Inc.First Interstate BancSystem, Inc.

First Interstate BancSystem, Inc.

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FIBK trade ideas

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.
NASDAQ:FIBKLong
by DrewDimes
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