0IM1 trade ideas
$FITB ANALYST UPGRADE TO $32 Fifth Third Bancorp is a diversified financial holding company which is selling below the average PE ratio to its competitors. Upgraded on the 04/04/19 to outperform with a price target of $32 offering a healthy 20% upside.
Respect the whole even numbersAlmost every major actions are tied to whole even levels from 22 to 34.
This could really help in setting targets.
If this IHS will be confirmed, my TP is the former high 34.
GL!
Idea came from @kkernttb, thanx
FITB 29$ price target 01/25/19I'm calling it now, 5/3 will easily reach $29 per share by the end of January. According to available market data on 5/3 and general consensus amount analyst, a positive EPS surprise should be expected given FITB track record when it comes to Earnings report. (11 straight earnings reports beating expectations) Their growth in small business loans and their lack exposure to the fixed income volatility will give them an advantage over their larger counterparts, I see FITB's real EPS to be over 71 cents. This combined with the optimistic take on the trade deal with China, and an overall market rally. FITB will shine in the Banking sector over the next week.
References:
www.nasdaq.com
finance.yahoo.com
www.schaeffersresearch.com
www.nasdaq.com
5th-3rd Cycle Wave AnalysisAlmost bought this stock in 2009 for 1.05, but I was unemployed at the time and chickened out. Regional banks like this are where you want to keep your money, because the big Investment banks will get wiped out when their derivatives implode. Most people don’t realize that since Dodd-Frank, the banks can turn your deposits into capital in the event of insolvency, and FDIC isn’t anywhere near sufficiently funded for a real banking crisis…
FITB Long before earningsBanks have been telling a good story this quarter. FITB shouldn't be any different. Bullish Divergence as it stands, earnings Thursday morning.
FITBWeekly - notes on chart. Hard to take long here as the stop is 17.24. Might be best to wait until 20.78ish is taken out. I only say this because on a wider view, the 200wma is really the idea place for price to land - and it could be working on a falling wedge now - i.e. hit the upper trend line for another touch (making the formation better) and then back to the 200wma.
Fifth Thrid Corp: Eyes on 21.00 LevelShares are testing a key resistance at 21.00, potential here for a downside pullback as long as 21.00 is holding.
