$BK Buy The Dip
The market is over-reacting to 
BK earnings and the stock is down over 7%. We believe this is a buy the dip opportunity. There's also the inverse head and shoulders pattern.
Bank of New York Mellon (NYSE:BK): Q4 Non-GAAP EPS of $1.01 beats by $0.01; GAAP EPS of $1.52 beats by $0.01.
Revenue of 3.99B (-0.3% Y/Y) misses by 180M.
As always, trade with caution and use protective stops.
Good luck to all!
BK earnings and the stock is down over 7%. We believe this is a buy the dip opportunity. There's also the inverse head and shoulders pattern.Bank of New York Mellon (NYSE:BK): Q4 Non-GAAP EPS of $1.01 beats by $0.01; GAAP EPS of $1.52 beats by $0.01.
Revenue of 3.99B (-0.3% Y/Y) misses by 180M.
As always, trade with caution and use protective stops.
Good luck to all!
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We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
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