$LC mean reversion long idea, offers 100% upside. Strong growth.$LC mean reversion long after the stock has drifted significantly lower, company is under valued here and doing triple digit earnings. Expecting buyers to show up around this demand level and shorts to cover causing a nice snapback in price.
LC
LC - LendingClub CorpDoubled position @ $47.96 as it rebounded off its higher-low and reclaimed the anchored VWAP from its day 2 breakout, giving me an average price of $46.22. Stop loss raised to $43.20 but still under the PEG anchored VWAP , giving me roughly a $3.00/share risk on the entire position which results in about 50bps of risk in terms of the overall portfolio.
Looking to add size to the position one more time if it can break out over the day 3 high around $49.30, at which time I will raise the stop loss to accommodate for the new risk.
LC - LendingClub CorpOpened small starter position on break above inside pivot point from yesterday's earnings gap. Stop loss below the low of the inside pivot & anchored VWAP from the earnings gap.
Yesterday's earnings gap was the second strong earnings gap in a row with this stock, telling me that institutions are still behind in their accumulation of this name and still have shares to buy. I also want to accumulate more shares, but with earnings having just been reported, it gives me time to be patient in my process. In a perfect scenario, I'd like to see a strong push above my entry and another small basing pattern with a good pivot to add shares at.
10/9/21 LCLendingClub Corporation (LC)
Sector: Finance (Finance/Rental/Leasing)
Current Price: $30.55
Breakout price trigger: $29.20 (hold above)
Buy Zone (Top/Bottom Range): $29.75-$24.80
Price Target: $32.60-33.10 (1st), $38.80-$40.00 (2nd), $49.00-$50.60 (3rd)
Estimated Duration to Target: 32-35d (1st), 181-204d (2nd), 630-679d (3rd)
Contract of Interest: $LC 11/19/21 35c, $LC 4/14/22 35c, $LC 1/20/23 35c
Trade price as of publish date: $1.70/cnt, $4.10/cnt, $7.50/cnt
US Stock In Play: $LC (LendingClub Corporation)The rally for $LC in current month of March is added with impetus last week, with $LC trading to peak of $22.65 (+51.66%) on Monday’s open, before losing steam to close the latest session at $19.95 as global stock rally took a pause during the week.
At the current junction, $LC implied volatility have reached a level last witnessed in December 2017. Strong buying pressure in the last 20 minutes of Tuesday’s trading session have recovered $LC from its intraday low of $18.55 to its closing of $19.95 by +7.74%, putting $LC on traction towards $23.50 – $25.50 resistance zone. The affirmation of further price rally would require $LC to break above its Tuesday’s high of $21.42.
$LC operates as a bank holding company for LendingClub Bank, National Association that provides range of financial products and services through a technology-driven platform in the United States.
Lending Club (LC) - Diamond in the roughLending Club - absolute monster growth potential.
5 reasons why LC should be on your radar:
1. We are out of a long term falling wedge. Technical breakout is making it interesting.
2. Lending Club just bought Radius Bank which is an online bank. Virtual wallets is a 2021 trend that is shaking up traditional banking model. Mobile phone is now your bank branch. This move is clearly showing that LC is moving in this space.
3. All-in-one service. You can borrow, lend, bank, etc. through the new model that they are working on.
4. ARK and a number of other ETFs have stake in LC.
5. Anti institutional movement will drive customers to LC since LC skips the banker and promotes peer-to-peer transactions.
In my opinion it is a FinTech company that has a chance to disrupt banking sector. I dont think it will have a massive market share but it will serve a niche market. I like niches and this one has everything going for it as long as they can attract the consumer.
Copy paste from their PR release:
SAN FRANCISCO, Feb. 18, 2020 /PRNewswire/— LendingClub Corporation (NYSE:LC), America’s largest online lending marketplace connecting borrowers and investors, today announced that it has signed a definitive agreement to acquire Radius Bancorp, and its wholly owned subsidiary Radius Bank, (together “Radius”) recently voted the nation’s best online bank1 in a cash and stock transaction valued at $185 million. Combining Radius and LendingClub will create a digitally native marketplace bank at scale with the power to deliver an integrated customer experience, enabling consumers to both pay less when borrowing and earn more when saving.
LC Long SAN FRANCISCO, Feb. 1, 2021 /PRNewswire/ -- LendingClub Corporation (NYSE:LC) today announced the completion of its acquisition of Radius Bancorp, Inc. and its digital bank subsidiary, Radius Bank ("Radius"). The acquisition combines the strengths of two digital innovators with complementary businesses and a digital-first, branchless approach to banking that will help improve the financial well-being of everyday Americans, while driving accelerated revenue growth for the company.
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LC - DAILY CHART Hi, today we are going to talk about LendingClub and its current landscape.
LendingClub is poised to receive increasing attention from the market as relevant events are taking place. The auto sector has signaled a yellow flag for the market as a confluence of data raises the inherent risk of the sector. The US Auto Loans Delinquent by 90 or More Days for the third quarter of 2019 edges a new record high of 4.71%; also the New York Fed survey of consumer credit has shown a spike in the rate of auto-loan rejections to 8.1% early this year, a discrepancy from 4.5% reported in the same period last year. A context that can represent an upcoming slowdown of sales on the sector and possible an increase in the risk of the company acquire bad debt, possibly implying in distressing days ahead for the lending company.
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Lending Club could see $5.50 by Mid next week.Investors are loving what they heard on the call with LC executives. I'm expecting healthy gains until the end of the month. Be mindful not to enter at a peak and chase gains, I'd say its a good time to enter a options trade on this. 3.50 strike in the money with a straddle for downward movement, track the gann fan lines for support and resistance. Look for confirmation in support of the fan lines for a movement to the upside should signal an enter.
Once this post positive on moving averages I expect institutional and computer generated buying. Saddle up. I'm already in @ 2.79 and I'm about to double down on an options play. I'll be in this long.
**Correction: Fib Overlays on Lending ClubWanted to take a minute to line up LC to see what it looked like from recent high and lows under week time frame. I was amazed at its ability to dance between the overlays and show consistency to support laid out. Volume shows likely to the down side, however, RSI shows on its way to bullish with earnings on the way.
Nasdaq community seems to be bullish and WS analysis have LC rated for a buy.
www.nasdaq.com
If volume comes with earnings this could provide the turn-around needed to bring this back from the bottom highs of long ago.
Thoughts or feedback welcome.
Do your own research and invest at your own risk. This is not financial advice.
Fib Overlays on Lending ClubWanted to take a minute to line up LC to see what it looked like from recent high and lows under week time frame. I was amazed at its ability to dance between the overlays and show consistency to support laid out. Volume shows likely to the down side, however, RSI shows on its way to bullish with earnings on the way.
Nasdaq community seems to be bullish and WS analysis have LC rated for a buy.
www.nasdaq.com
If volume comes with earnings this could provide the turn-around needed to bring this back from the bottom highs of long ago.
Thoughts or feedback welcome.
Do your own research and invest at your own risk. This is not financial advice.
LC (Lending Club) Going down?Lending Club has dived for a long time. From the long term trend, I don't think it will start recovering right now. So I am more inclined to predict a fall in price. My prediction is at odds with two analysts from tipranks.com, who recommend a buy (while three others issued a hold recommendation).