Bancorp BreakOut - Trend Following IdeaValuations looking fine okay. Nothing exaggerated and quarter-on-quarter growth rates are good. Earnings growth has weakened in recent quarters, but remains strong in the big picture (YoY). Keep an eye on it.
Broke out of the cup formation into the trend continuation after the recent earnings. Price and volume still cast doubt on the sustainability of the breakout. There is still a lack of follow-up buying to follow through. However, the price is not really falling back. Consolidates above the breakout from the cup.
If the consolidation can be broken by the closing price:
- upwards, it would be a buy signal for trend followers,
- downwards, then a sell signal and possible correction.
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No advice, just a thought. ;)
