Stock Pick: BANR 1.75

October 19th, 2010 by admin Leave a reply »

We are issuing a buy alert for BANR off of 1.75, this closed at 1.79 on Friday and has a recent low of 1.73.

This recent low matches a long terms support point for BANR. We are finding positive divergence in both short and long term charts as well as some insider buying.

BANR has recently traded as high as 8.00 but back in 2008 was trading in the 20′s and 30′s. We believe this give us huge upside potential with limited downside risk.

As you watch this stock to trade, you’ll notice it has been trading slowly and in a tight range, the lack of volatility allows you to put in a tight stop a dime or 2 below your entry and still feel safe.

The 2.00 zone is resistance, that doesn’t give us a lot of room. Through charting we think that if the 2.00 resistance breaks, we’ll make a strong move to 3.00 that move will give us a 50% gainer at least and that is why we issued the pick.

Our recent picks have ALL been successful and if you trade them you have consistent 50% gainers. That being said, we don’t issue many picks and chose the ones that can make us a big score while keeping our capital relatively safe.

Our 2 most recent 50% gainers are here: SD at 4.00 Stock Pick BP

Good Luck, we hope you can have a successful trade!

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