Standard Chartered: At The End of a Counter Trend Rally

05/30/2014

Standard Chartered: At The End of a Counter Trend Rally

Standard Chartered (STAN) was one of the best performing financial stocks until the debt bubble burst in 2007. While the stock has recovered relatively well from the financial meltdown, it has yet to make a new high above the December 2007 high [1975p]. The stock is still in a bear market and a possible shorting opportunity could be brewing. Read more via www.shareprophets.advfn.com

Posted by Better Trader on 05/30/2014 at 01:27 PM in Research, Stocks, Technical Analysis | Permalink

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Better Trader

05/30/2014