LC 11/01/2021LC broke the channel to move higher on beating ER. Since LC has broken the channel, it will move higher to test previous highs
LC trade ideas
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.
LONG - LCBuyable gap up on earnings. After the previous earnings report, looking for another 'gap and go'
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
LC - Lending Club UpdateThis beast is the ONLY one I held and actually stuck to the plan. I am VERY tempted to sell it here but I want to reach that moon.
This was a no brainer to me. Read previous posts on my I added it as a long term hold.
$LC breaking outalongside $ACI $DLO we have some nice break out pattern. Waiting for the retest for better entry
LC (POWER PLAY)A power play idea from US Market, it's getting tighter on the right side. The stock has the potential to make a big move.
LC heavy overboughtLC had a big pump today and offers a nice short opportunity. I assume it will correct down to the next support slowly.
LC - bullish lookLending Club looks to continue upward trend aka accumulation phase....needs to break 19.09 to continue bullish trend and reach 22.74
LC: Continuation StudyLC: (16.09)MC: 1.56B+5.3% for previous day
+15.76% for the week
+4.55% for the month
ATR: 0.89B
Beta: 1.79
Continuation play
1. Reestablishing price action >50ma, 20ma/Imminent golden cross
2. Falling wedge pattern indicated
3. Bullish Divergence
4. Testing resistance/ Reestablishing support on 2HR high volume node
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.
LC Lending Club UpdateOne of the most reliable and my favorite set ups ever. Look at the beautiful break out, retest around $10 and absolute monster move. I still think its a $40 stock and we might correct to $14-15 area before the next leg up.
LC Long Progressing NicelyJust an update on the LC idea. It's working out well, although the recent price action might be an opportunity to sell some and add back lower, as the last two days' move seems a bit unsustainable.
Lending Club (LC): 85% upside in an ascending megaphoneOn March 12:
Unusual options activity
23,436 call options bought the $17 strike, expiring 4/16/2021.
Open interest on those calls was 544.
$LCCurrently still bearish. Looking to first double bottom before reversing trend and taking off higher.
Double bottom should come soon and is likely to match the overall market sentiment.
THIS IS NOT FINANCIAL ADVICE AND IS PUBLISHED FOR MY RECORDS.
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.
