SLM seems to be struggling at the 100ma mark. I think it should not be long before it pushes through and looks for new highs around the 21 level.
I bought the Jan $21 call for .25
Sallie Mae specialises in providing private loans to students and seems to be doing very well out of it. The stock price is up 200% over the last 12 months and with a recent pullback could be a good time to have a look around for an entry if the business appeals to you.
$SLM gained a further +5.17%, via a second display of Open Drive price action behavior within the last 10 trading session. Since the start of 2021, $SLM have accumulated a total gain of +43.10%, with majority of the gains effected from the rebound back above its 20DMA on 28th January 2021 onwards.
With $SLM already broken out of its uptrend channel convincingly...
SLM wanted to break out but bad market conditions held it back. Still closed above previous resistance which is a good sign if it holds as support. Watching for another breakout with a tight stop loss below the bottom trendline. SL less around 1%
3 month long channel on $SLM
20% drop is big... but still in line with price action.
Anything below $6.50 is cause for concern in the next 2 weeks.
RSI on the daily is almost oversold. Would expect the selling to slow in the next 3-5 trading days.
Patience is key.
Great company to pay attention to...
After positive earnings (April 22nd) SLM ran up an it looks like its on the down run back to support on technical . Great candidate for swing trade but wait for it to return to support first .
Also, keep and eye on short float at that time as its currently high (11.66%) but if its lower as price returns to support that...
Looking at the monthly chart we might have a repeat of 2017. During the 2008 crash, it got hurt hard but a lot of stocks are trading at all-time highs. If any democrat comes into the office this will most likely fall. If Bernie Sanders gets the democratic nomination I would not want to be holding this. If Trump gets re-elected it will most like go towards a...
There is a very strong support line.
The stock bounced at it today and finished the day bullish ( hammer ).
What i like is: As you can see the stock gap a lot recently and then came back during the day and bouced right at this support, then the stock retrace a little bit and here we are again at this support. What happen today is that the stock went down...
I like this stock and this is why:
There is a very strong support line.
The stock bounced at it friday and finished the day bullish ( hammer).
What i like is: As you can see the stock gap a lot recently and then came back during the day and bouced right at this support, then the stock retrace a little bit and here we are again at this support. What happen friday...
I've taken positions in SLM in the past and think we may see a small dip here in the next few days followed by a continued rise in price until the eoq. I would keep an eye on unemployment and interest rates as they will indicate the ability of slm debt holders ability to pay back on their loans.
