Nice bouncesBanking sectors as done well last week and will probably continue to do well this weekl. CWB as consistantly bounced off of its trend line for the last four months and is now on its way to the top trend line. This stock came up on my scans this week as a 5/20 Golden Cross. An entry at $24.99 should give you a first target of the top trend line (the white one on the chart) at around $26.00 or gains of 4.0%. Second target being the overbought trend line (yellow line on chart) at around $27.00 for gains of 8.0%. Your stop loss should be a break of the 5 SMA line which right now is at $24.16 for an exposure of 3.3%.
See chart
here.