This bank could be a takeover target in the coming weeks

Discussion in 'Stocks' started by miguel007, Mar 20, 2011.

  1. and the technical charts looks good.....

    " BANR looks poised to move higher. The technical daily chart shows possibility of new rally as the stock bounced up after dropping back to 50 day moving average. In addition, the 50 day moving average has crossed on top over 200 day moving average early this month to form the Golden Cross. Typically, when a Golden Cross is formed the stock will be heading into a strong bull market. At the same time, the daily stochastics is reaching the oversold zone. These technical factors suggest taking a long position. "

    Source : http://ac-investor.blogspot.com/2011/03/top-trade-ideas-for-week-of-march-21.html

    Takeover rumors : http://blogs.wsj.com/deals/2011/02/07/the-bank-takeovers-list-keycorp-regions-synovus/?mod=yahoo_hs
     
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