Wednesday, March 17, 2010

Trade: Trimmed Synovus Financial (SNV)

Synovus Financial (SNV) has been on fire the last week As of this afternoon it was roughly 25% over the 20EMA and the RSI was 76. Both indications that the stock is extended so we sold roughly 33% of our shares in the Growth and Opportunistic Portfolios. We'll add the shares back as the stock cools down or approaches the 200EMA around $3.17.


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