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First BanCorp. is a financial holding company. As of December 31, 2016, the Company controlled two subsidiaries: FirstBank Puerto Rico (the Bank or FirstBank) and FirstBank Insurance Agency, Inc. (FirstBank Insurance Agency). It operates in six segments: Commercial and Corporate Banking, which consists of lending and other services; Consumer (Retail) Banking, which consists of consumer lending... see more

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First Bancorp > FBP oversold...

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Post by MiamiGent on Sep 21, 2013 4:02am

FBP oversold...

FBP oversold at Friday's close of 6.07

*RSI under 30
*Long term positive divergence
*Friday close a 30% pullback from late July high
*At 200 SMA
*Friday volume 8.4 x's 90 DAV
*Book value 7.20
*PPS up 43% YTD
*Resale of 28M shares in Aug had no affect on financials
*Early-mid stage bank recovery stock

Good risk to reward ratio, imo
MG

https://stockcharts.com/h-sc/ui?s=fbp

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Comment by MiamiGent on Sep 22, 2013 1:35am

First Bancorp (FBP) is oversold I got in Friday at 6.18 average and am anticipating the share price will rally. First target might be the 50 SMA, presently 7.13 Here are some of the factors underlying my decision to buy in: *The RSI was under 30 Friday and has been showing oversold for the past 6 weeks. * The chart is clearly showing long term positive divergence- the share price wants to ...more

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