STT trade ideas
State Street Corporation inverse head and shouldersState Street Corporation has completed a textbook inverse head and shoulders pattern with a resounding bullish engulfing candle as confirmation. Low-risk long opportunity!
Reverse Head&ShouldersWait for daily close above the yellow neckline, or a retest of the top of said neckline. Would prefer higher volume on the breakout, but there does seem to be volume correlation around the left shoulder and head.
If the breakout holds, immediate target would be ~$72
$STT Investors betting big on State Street Corp.Entry level $62 = Target price $73. = Stop loss $59
Hugely significant break from long established downtrend.
Massive upside potential.
MA's now acting as support
$60 big resistance.
Option traders see upside potential.
Yield 3.47%
P/E ration 10.9 very reasonable
Company profile
State Street Corp. operates as a financial holding company. It conducts business primarily through State Street Bank. The company operates through following business lines: Investment Servicing and Investment Management. The Investment Servicing business offers custody, product and participant-level accounting, daily pricing and administration, master trust and master custody, record-keeping, cash management, foreign exchange, brokerage and other trading services, securities finance, deposit and short-term investment facilities, loans and lease financing, investment manager and alternative investment manager operations outsourcing, and performance, risk and compliance analytics. The Investment Management business provides services through State Street Global Advisors, which provides a broad array of investment management, investment research and investment advisory services to corporations, public funds and other sophisticated investors. It offers strategies for managing financial assets, including passive and active, such as enhanced indexing, using quantitative and fundamental methods for both the U.S. and global equities and fixed-income securities. The company was founded in 1969 and is headquartered in Boston, MA.
stt bullish creo que este activo ha hecho un doble suelo , y ahora tiene una subida hasta el proximo punto de fibo
State Street $STT inverse head and shoulders on the weeklySTT inverse H&S on weekly and 1,000 March $72.5 calls bought today.
STTSTT, not a so terrible stock, formed bullish divergence against both RSI and MACD. Price also touched and lightly bounced from short term support line, 50% fib level (red line) and 78.6% fib level (blue line) of the last rising leg. Stochastic also crosses over.
The confluency of multiple of supportive TA clues mentioned above gave me a short term BUY recommendation for this stock.
Tight stop at 94.7. Very short term target 102-105.
{
"info": {
"close ": 97.75,
"marketcap ($bil)": 35.72,
"name": "state street corporation",
"sector": "finance",
"industry": "major banks",
"country": "united states"
},
"val": {
"peg_k": 11.75787214,
"fp2e_k": 12.72786458,
"p2e_k": 18.65458015,
"p2e": 18.69024857,
"p2bv": 1.64690595,
"p2sales": 3.32872149,
"p2fcf": null,
"ev2ebitda": null,
"ev2ebitda_k": null
},
"val2_k": 16,
"val2_q": 15,
"qual2_k": 24,
"qual2_q": 14,
"qual3_k": 24
}
STT - Need new hightState Street Corporation is a financial holding company. The Company operates through two lines of business: Investment Servicing and Investment Management.
We are waiting for new peaks from this paper. Be careful in case of consolidation of the price near the upper border of the trend (the upper green line).
P/E 18.09
Forward P/E 12.64
Open 106.61
SL 104.51
TP 115.01
Good luck !
$STT Bullish holding major support at 95.02 $STT Bullish holding major support at 95.02 #stocks #stock #Options #option #support #resistance #sp500 #nasdaq #dow #market
SSTSHARK. Two ways to play. Given the market weakness, one could wait until above the "X" (read line) or see if the 50wma/8wma hold.
