Regional banks continue to bring in the heat as they continued there 2nd big day of movement as the broad market tumbled 2 days in a row for the biggest drop we have seen in quite some time. This definitely is showing signs that the current bullish trend is becoming unstable as we weave are way through the choppy earnings season.
BOFL blew up again this morning as regional banks continued to perform. BOFL peaked early @ 1.73 and i alerted to sell my shares @ 1.62 which locked in a huuuuuuge +74% gain in just 2 quick sessions!
in addition to banking huge on BOFL i picked up two other small cap bank stocks today that are on the rebound making some big moves and have some awesome looking charts.
FSNM – breaking out trading channel on big volume. target near 1
STSA – huge breakout on heavy volume above its symmetrical triangle pattern
Disclosure: Long FSNM, Long STSA