Wintrust showed up in the screener today 12.09.2022 with a MACD crossover. Uptrend is not impressive but has last week passed EMA 200. The sector is Finance and Industry is Regional Banks. The sector is supposed to benefit from the rising interest rates. So I took the trade on $88.78 with a SL on $83.
Insider buying and strong support shown. I would be a buyer here, this is going to 70 very soon!
WTFC: Wintrust Financial Corporation 2019-10-24 16:10:05 Wintrust Financial Corporation Announces Cash Dividends and Share Repurchase Authorization
We can observe a Double Top Pattern that already happened, the gain expected for this short position is the same size as the max top of the pattern shown