Jul 6, 2006 -
SOV has been
consolidating within a relatively tight range for the past three years. The
stock is now near the lows of consolidation, and appears poised for a
reversal...
Sovereign
Bancorp, Inc. (SOV) is a holding company; the subsidiary provides commercial
banking services in the U.S.A..
Key
Information:
Fundamental:
Sector:
Financial
Industry:
Savings & Loans
Liquidity:
Market
Capitalization: $7.8 billion
Average daily
volume (3-month): 1.982 million shares
Closing Stock
Price: $20.68
Risk
Proxies:
52-week high /
52-week low: 1.229
Beta
(3-month): 1.40
Debt/Equity:
3.3
Profitable:
Yes
Valuation:
Price/Sales:
3.62
Price/Book:
1.32
Price/Earnings:
12.27
Price/2007
Analyst Earnings Estimates: 11.55
Expected (approximate) Trade
Horizon: 1 month
Technical
Analysis
SOV has been
consolidating within a relatively tight range for the past three years.
The stock is now near the lows of consolidation, and appears poised for a
reversal.
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Key
Levels
Buy:
Market
The stock is
near support, and there was a bullish stochastics crossover
Stop
Loss: 19.24
Slightly below
the lows since January of 2004
Target for 1/2 of position:
22.14
Slightly below the highs of the
June gap down
Target for
1/2 of position: 24.74
Slightly below
the highs of 2005
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