Buy! Overreaction due to Q2 earnings down correction.
Fundamental:
Analysts reached a consensus estimate for Bank of New York Mellon's second-quarter earnings of 91 cents a share, according to FactSet. "Bank of New York Mellon Beats 2Q Profit Expectations," published at 6:51 a.m. ET, incorrectly said that the FactSet consensus estimate was 95 cents a share.
The Shares plunged about 8%. Definitly Overreaction.
General Bullish sentiment across several markets.
Technical:
RSI: 38,40;
Trendline(Flag Pattern);
Analysts reached a consensus estimate for Bank of New York Mellon's second-quarter earnings of 91 cents a share, according to FactSet. "Bank of New York Mellon Beats 2Q Profit Expectations," published at 6:51 a.m. ET, incorrectly said that the FactSet consensus estimate was 95 cents a share.
The Shares plunged about 8%. Definitly Overreaction.
General Bullish sentiment across several markets.
Technical:
RSI: 38,40;
Trendline(Flag Pattern);
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.