1 Banking Stock To Watch For A Recovery

In the wake of the SVB collapse, most banks took a hit as investor worry around this spreading to other banks increased dramatically. This made the entire financial sector look weak and take a nose dive. However, this dramatic decline has led to many other opportunities to crop up, we will take a look at one today.

PNC (PNC) established a pretty strong trendline at around 147 that it held for months, until recently. Even before the banking failure, the stock looked weak. Then, the banking collapse happened and that sent the stock reeling. It fell all the way to a low of 124 before finding a bottom, now we think there could be an opportunity to play the rebound if the space continues to recover.

For more about my favorite stocks, setups, and strategies, join my students and I in The Profit Machine. Every week, you will get exclusive access to all things option trading, from the stocks I trade the most, and the setups I look for when trading. The best part, you’ll receive all my trades every step of the learning process, so not only will you get a world-class education, but you’ll also earn while you learn.

Get a jump start on your options education and put yourself in position to win in 2023. Sign up today! Until then…

Good Luck With Your Trading!

Christian Tharp, CMT

Newsletter Sign-up

Get Exclusive Invitations To Weekly Training Session, World Class Market Analysis, and Exclusive Subscriber Online Events… All FREE!

Your contact information is completely safe with us. We use state of the are encryption and digital security. We will never spam you. We hate spam as much as you do.