M&T Bank

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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MTB's ascending triangle is a textbook example of the pattern. Shares hit their head on $88 resistance the last three times they attempted to move above that level, and uptrending support (read buying pressure) has been in place since the June bottom.

Sliding volume over the course of the pattern is a good thing. We'll want to see a volume spike when the breakout happens. That means that buyers are participating in the move.

M&T, one of Warren Buffett's holdings, also shows up on a list of 5 Bank Earnings Winners From Jefferies.

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