We're seeing the exact same setup in shares of EverBank Financial ( EVER) -- just in the longer-term.
EverBank has been forming an ascending triangle pattern of its own since all the way back in early March. For this pattern, resistance comes into play at $17, and uptrending support connects the 200-day and 50-day moving averages. A breakout above $17 is the signal to jump into shares. Why exactly?
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