New York Community Bancorp headed to 19, but don't expect too much more after that

New York Community Bancorp headed to 19, but don't expect too much more after that

A reader requested a stock chart for New York Community Bancorp, here's my technical analysis:

NYB is testing resistance at 17.4. If it can break and hold above 17.4 then it's headed to 19. If it reaches 19 then the stock has a shot at 20, but that's as high as this stock has been in the past 3 years, so by 19 I'd be getting out. Trendline B defines the uptrend in NYB, watch a break in trendline B to signal a trend change. Support is at 15.9

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