Chart of the Day

Capital One Financial (COF, NYSE)

Capital One Financial Corporation is an American bank holding company specializing in credit cards, auto loans, banking, and savings accounts.

COF is in an uptrend above all important moving averages, and recently it pulled back 10% from it’s high down almost to the 50 Day Moving Average (dotted blue line). COF is a new position in our portfolios and will be held above support at 110 – 115 on any further pullback. Over 135 could signal the next up leg.

 

 

 

 

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