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Investment Services and Rising Rates

Posted by StockBuz on February 24, 2015 at 10:44am in Long Setups

Went long investment services name Fidelity Investments $FIG on this possible head-and-shoulders bottom (daily) and I absolutely love how it found numerous buyers at ths 50month sma.  This will most likely turn into a long/hold as broker/dealers should perform better the next few years in a rising, interest rate environment.  FIG reports earnings this Thursday bmo and if it sells off, I plan on backing up the truck to add more on the weakness.  Have an alert to stop out below $9.40.

Coincidentally broker/dealer AMTD resembles a HSB as well http://screencast.com/t/Zc61YksjW

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Tags: fig, stocks when rates increase, interest rates
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