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Strategies & Market Trends : Value Investing

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From: MiamiGent9/21/2013 1:49:51 AM
  Read Replies (2) of 78740
 
FBP oversold at 6.07 is good value.

*RSI under 30
*Long term positive divergence
*Friday close a 30% pullback from late July high
*At 200 SMA
*Friday volume 8.4 x's 90 DAV
*Resale of 28M shares in Aug had no affect on financials
*Book value 7.20
*PPS up 43% YTD

Good risk to reward ratio, imo
MG

http://stockcharts.com/h-sc/ui?s=fbp

http://www.forbes.com/sites/dividendchannel/2013/09/20/first-bancorp-becomes-oversold-fbp/
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