IvanLabrie

NAVI: Explosive upside possible

Long
IvanLabrie Updated   
NASDAQ:NAVI   Navient Corporation
I'm long $NAVI with a partial position, I'll average in during the next few days. I think there is a chance to trigger a massive uptrend after earnings, and valuation is quite attractive here.
Good luck if going long with me and my clients.

Cheers,

Ivan Labrie.
Comment:
Trade closed manually:
Earnings made this trade fail. On to the next one.
Comment:
Talk about a head fake! Trading above resistance warrants a long again. The same explosive rally is possible now, with more confirmation.
Comment:
After hitting the target, support didn't hold and we had a rapid decline back to where it came from.
This can happen while not trending.

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