M&T Bank (MTB) is one of the more attractive big regional banking names in the country, and it shows; from a technical standpoint this bank stock looks primed to make a move higher. Right now, M&T is forming an ascending triangle setup, a price pattern that says "buy" on a move above $88.
In short, an ascending triangle is formed by a horizontal resistance level (in MTB's case at $88) and uptrending support. As shares bounce in between those two technical levels, they're getting squeezed closer and closer to resistance above $88. Once that happens, buying MTB becomes a high probability trade.
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