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A Two Month Swing

Posted by StockBuz on March 19, 2011 at 10:53am
Now that the Fed has given its consent for certain banks to raise their dividends, STT was quick to jump theirs from .01 to .22 today. It is now oversold on the weekly and daily finally popped out of its down channel on the news. I feel this name could run to $51 and possibly $55 over the next few months and the divvy; well that's a bonus. To see what other names were given the green light, checkout http://www.zerohedge.com/article/fed-gives-bank-dividend-green-light-full-release

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Tags: long-ideas, stt
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