Provident Financial Is Set for a Fall

Updates on Previous Picks

Bank of the Ozarks(OZRK Quote) did not set up last week. The ideal setup for this trade will be to see a close under $27.90. If this happens, look for a return to $28.25 for entry, with a stop at $29.50. This offers $1.25 in risk.

The profit target at $26 should offer nearly 2-to-1 in a reward/risk scenario. If the stock price moves over $29.25 without first closing under $27.90, this trade is no longer valid. If the stock closes under $27.90 but moves under $27.50 without first offering an entry at $28.25, this also negates the setup.

Shares closed Monday at $27.95.