There are two pivotal events coming up.
There should be a confirmation of a dividend within the next couple of weeks. I don't doubt it, but confirmation will be a helpful boost as there may be an element of doubt out there.
Earnings are also coming out within two weeks. Although consistent in the past few years, they usually seem to be a little on the light side. A nice quarter would be helpful.
Having both of the above fall into line would ease the way into the upper teens.
bought some kilo:
Targets: Target Dist to Date
Independent Research GmbH 17,00#$%$ 26,34% 14.04.15
Morgan Stanley 14,80#$%$ 9,99% 01.04.15
Citigroup Corp. 15,40#$%$ 14,45% 31.03.15
And after another week, we are still hovering at around 15 - sometimes we seem to be about to break nicely over it, sometimes we just seem to fall back. The euro certainly isn't helping. I'm hoping that there is a strengthening of the European economy, which will increase the euro price, and a similar rise in the euro. Both would move this into the higher teens.
In the interim, we will have to await earnings and the confirmation of earnings. If the earnings are decent, and the dividend is confirmed, I think you might see a 5 - 10 % rise.
We have aways to go.
And if the head winds of the euro weren't there, we would be in the high teens (although I would suggest that the low euro boosts the price).
Then, again, we shouldn't complain - we were about 12.50 two months ago. As the european economy improves, and the euro returns (imho) , we should see renewed highs. Maybe the 20's. Although an extended timeline may be in order.
Maybe it will again - maybe not?
But I was out @ $15.19 - took the money and ran - didn't catch it quite at the top - but now I am glad that I did it!
Break down coming?
Good luck holding!
I think you have 20% to go on the price of the stock on a euro basis, and another 20% to go on the price of the euro. That could mean a price in the low 20's.
I placed my final sales order of this stock for $15.19 and it went in 3 trades, yesterday, after 10:45, got the email confirmations from Wells Fargo - held from $7 for an average of around $9 - so, I am DONE! - Took the money and run! Will be checking in once a while!
The headwind that we have experienced over the past 6 months have not really left us - yes, Greece is a little better, but Russia is still a mess, and the european economy isn't much better. And the euro is lower, with the added uncertainty of Europe buying a lot of euro bonds. The uncertainty of zero interest rates is adding some headwinds, but ING is acting nicely by breaking 13 - if it can go a little further, and the euro begin to rise, we will see nice progress. IF . . .