As you might expect in a corrective market, breakout plays have not only been few and far between but also quite slippery, even for the best ones.
With some of the smaller and regional financials holding up remarkably well late-last week, I am still stalking a BPFH long, which I discussed in detail in this post last month.
The updated daily chart indicates a few false breakouts since then. However, it is an encouraging sign that the stock simply needed more time to base sideways further rather than face sharp rejection lower. If we do get that tradable summer range with recent broad market lows being good lows, I still expect this stock to outperform quite well.
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like it…in the same category,,consider a look at VLY