The downgrade was on hold and to be issued the day a breakout suggested itself. hence, the downgrade was issued. this allows preferred clients to load up on an undervalued company with a fortress balance sheet....a rare opportunity in the financial sector, and perferred clients will remain client when they are offered such a timely bone thrown their way.
feels like propaganda here. with their new product launch yesterday i was actually expecting upgrades. since this will be a new line of revenue. i wonder what goes into research before they announce these downgrades. what that company said is nothing new actually we all already know this.
Correct! Especially with the price now above the 13, 33 and 50 day moving averages which have recently crossed over the momentum seems to be to the upside.
Now GDOT needs to attack the 150 and the 200 day moving averages if the recover is to continue.
It also helps that the XLF is at multi-year highs which will bring even more eyeballs looking in the sector. Good luck and ya, downgrades or upgrades are made by "sell side" financial analysts who are there to generate activity / commission.
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