Top Financial Stocks: Trading Opportunities For Next Week - Sunday, Sept. 25

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A security pattern traces the distinct movements of security prices that, once recognized, help traders to make informed trading decisions. These patterns are identified by their vital geometrical elements, which are formed by changing security prices. Here is a closer look at some financial stock opportunities that may be revealed by analyzing these patterns.


Buy Signal for FirstCash Holdings, Inc (FCFS(Cup-and-Handle)

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The cup-and-handle (sometimes called the cup-­and-holder) pattern is formed when the price of a security initially declines and then rises to form a U- like, rounded shape (as shown by points 1, 2, and 3, also known as the cup). Once it forms the right lip, it is characterized by a short, relatively straight price decline (as shown by points 3 and 4) forming the handle.

The declining handle potentially forms due to mounting selling pressure that is created when the security tests its high at the right cup lip. After the sellers give up, the security has the potential to break out to the upside.

Trade idea:

  • Buy near the breakout (entry) price – $80.42.
  • Sell at the target (exit) price – $85.97.

Trend trading is a strategy based on the technical analysis of changing market prices. The trend trader enters into a long position when a stock is trending upward, and uses the short position when a stock is trending downward.


Buy Signals for Blackstone Secured Lending Fund (BXSL), Ares Management (ARES), & Interactive Brokers Group (IBKR)

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Trade idea:

  • Buy at the opening of the stock market on Monday if the opening price has gone up by no more than 0.5% of Friday's closing price.
  • Sell after the price has risen by 2% from Friday's closing price, or at the end of the trading week if the target is not reached.


Buy Signal for A-Mark Precious Metals, Inc. (AMRK)

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Trade idea:

  • Buy AMRK at the current market price if seen as appealing.
  • Sell AMRK after receiving the "sell" recommendation from trusted analyses.

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