Long
FCCY (1st Constitution Bancorp) - Bullish Quarter ahead
First Constitution Bancorp
1st Constitution Bancorp occupies an enviable position as one of New Jersey's few independent community banks. Dramatically improved earnings and growth, a strong capital base, and dynamic management, combined to propel 1st Constitution Bank full speed ahead amid the changing tides in the banking industry. 1st Constitution Bank is a community-oriented bank serving Central New Jersey.
Analysis/Commentary
Strong EPS and Sales Growth Y-on-Y
Based on the study of the previous quarterly earnings reports and subsequent price moves:
- Already on the up prior to last earnings report
- Slight dip towards LOW point was missed as a possible entry point
- Unlikely to have much more downside in the quarter, and a strong pre-market price already in play
- Entry anywhere mid-point from LOW to MED should see gains
- Expectation for the price to move to MID or HIGH point
- Trailing stop-loss on price above MID point
GOOD LUCK.
DO YOUR OWN RESEARCH!
1st Constitution Bancorp occupies an enviable position as one of New Jersey's few independent community banks. Dramatically improved earnings and growth, a strong capital base, and dynamic management, combined to propel 1st Constitution Bank full speed ahead amid the changing tides in the banking industry. 1st Constitution Bank is a community-oriented bank serving Central New Jersey.
Analysis/Commentary
Strong EPS and Sales Growth Y-on-Y
Based on the study of the previous quarterly earnings reports and subsequent price moves:
- Already on the up prior to last earnings report
- Slight dip towards LOW point was missed as a possible entry point
- Unlikely to have much more downside in the quarter, and a strong pre-market price already in play
- Entry anywhere mid-point from LOW to MED should see gains
- Expectation for the price to move to MID or HIGH point
- Trailing stop-loss on price above MID point
GOOD LUCK.
DO YOUR OWN RESEARCH!
Note
TRADE UPDATE: Very successfulThe chart speaks for itself, topping out at high point, trailing stop-loss would then have actioned for take profits
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.