ALLY1 trade ideas
Ally Financial an undervalued stock setting up for a bounceI don't love banking stocks right now because they have so much bad debt on the books, but Ally Financial looks good for at least a short-to-mid-term play. With a P/E of 7.62 and a valuation rating of 94/100 from S&P Global Market Intelligence, Ally looks very attractively valued. It beat estimates and raised guidance on its last earnings report, its earnings grew 10% last quarter vs. the same quarter the previous year. With a 2% dividend yield, Ally offers decent quarterly cash return as well as good growth potential. Best of all, Ally is sitting on a support and looks ready for a bounce from $30 per share. This is definitely my pick of the day.
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ALLY still in area of interestALLY failed to fulfill my breakout to $34 and hit resistance at $32.5 retracing back toward $30. 5MA and 10MA have crossed below 90MA and the EW oscillator is bearish from the recent correction but ALLY is well supported here around $30.5 and it should consolidate here again. Set stop loss at $30 and hold through consolidation.
Look to grab the bounce on Ally FinancialQuite possibly Ally Financial will bounce from its current price after dropping on an earnings beat. However, I am looking for it to bounce from the high-volume node at 30.01 tomorrow, and I've got a buy order set at that price. Ally has an attractive P/E of 8 and has a 95/100 valuation score from S&P Capital IQ. It faces some political risk from a possible third interest rate cut this year, but should perform well in the long term.
$ALLY long term buy, short term shortALLY I like the future of this company and stock, but for now it needs to complete its healthy correction pattern to prep for a next leg up. Looking for mid-28's in this apparent C-Wave. WIll seek entry around that level for a long term hold stock portfolio. Happy hunting and GLTA!!
ALLY very precise tradeWrite sometning about your psyhology thinking before trade? after one week of illness it is quite good that I can trade again
Describe the trade. What you see? price will advence to the level of the upper resistance and than bounce down to support line
What have I done well for this trade? enter point was ok and when I saw the extended move I went out by hand a few ticks before the target. Decision looks was ok.
What can I take away to help with later trades? target was maybe a little bit too optimistic.
Long on ALLY.. possible breakoutALLY has recently been upgraded by Zacks.com to a rank 1 (strong buy). It has beaten earnings for the past 4 quarters. It is currently setting up for a possible break out. I will be looking to go long this week on the close above the upper trendline of the symmetrical triangle.