Tag Archives: FBC
Flagstar Bancorp Inc, FBC Trade Watch
FBC has outperformed since it’s September 2011 breakout of $10. Since then it has almost doubled to our first target of $19. Expect a pullback at some point before we turn up to $30.
Over $19.35 for more upside. Could test the 50ema in the near future.
Flagstar Bancorp Inc. FBC
Flagstar has been on a tear since it’s reverse split. They finally turned a profit 2nd quarter of 2012, and reported profit again in 3Q. Looking exhausted on weekly, could fall back to EMA’s around 12.50, opening up a good entry point. Over 20 continued upside. Very bullish
Over 17 continued upside on daily.
Flagstar Bancorp, Inc. (FBC)
Flagstar Bancorp has been beaten down by heavy non-preforming loan losses, and dilution. I believe this is an extreme long term value play, and should see massive upside growth in the next 2-3years. Today Flagstar reported Q1 earnings at a loss of -$.06 per share, compared to a loss of -$.74 in Q1 of 2010. I believe Flagstar has a chance to breakeven, or report positive earnings next quarter. Technically Flagstar just broke out of a nasty month and a half downtrend from March 1st. A break of the $1.60 level is essential, and if broken i believe this is a $2 in the short term. One positive results are shown and some shares can be repurchased, this one will definitely take off in my opinion.
via StockCharts.com
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