The word on the street is that the Fed will hike rates this year, some saying 6 rate hikes. A regional bank like The Bancorp might earn more with increased interest rates. The stop would be about 2% lower at the lower trend line. Confirmation is 5% higher at the upper trend line. $TBBK has a low float (52M share) but no high short interest. $TBBK could have a nice...
NASDAQ:TBBK broke out and ready to head higher. Anticipated price action and targets are shown on the chart, stop loss daily close below 25$. Hit the like button please if you find this useful :) This is only my own view and not financial advice, do your own analysis before buying or selling Happy Trading!
4% ADR Flag ER Breakout Continuation Massive Volume Rode 50DMA
TBBK: The Bancorp, Inc. 2020-11-05 16:05:00 The Bancorp, Inc. Announces New Stock Repurchase Program
Really bullish trend heading into the consolidation zone. Once the breakout occurred I knew the pattern would end early because of previous support = new resistance. 7 Day trade. Felt good. One of my best trades this year.
TBBK went through a major downtrend in the 2014/15 timeframe. A distribution zone preceded this downtrend with a price potential in the $2-$3 range. The stock did achieve this price potential. Over the last year the stock developed an up-trend in the monthly graph. Looking at the daily/weekly graph one can observe a narrow accumulation range, last week the price...