Bullish on Ameriprise
Analysis:
Ameriprise Financial (AMP) reported strong Q4 2023 earnings results on January 25th, beating expectations. Revenues were up 12% year-over-year, driven by growth in their Advice & Wealth Management segment.
The stock price has been trending upwards over the past year, gaining over 50% to current levels around $393. Recently announced dividend of $1.35 and ex-date of Feb. 8th could further support the share price.
Technical indicators also look bullish, with the fast stochastic oscillator showing the stock currently oversold and due for a bounce.
Entry Point: Buy on a pullback to support around $401.39.
Exit Point: Take profits around $428.63, the all-time highs set in December 2022.
Stop Loss: Place stop loss below recent swing low support at $389.58 to limit downside risk.
Ameriprise Financial (AMP) reported strong Q4 2023 earnings results on January 25th, beating expectations. Revenues were up 12% year-over-year, driven by growth in their Advice & Wealth Management segment.
The stock price has been trending upwards over the past year, gaining over 50% to current levels around $393. Recently announced dividend of $1.35 and ex-date of Feb. 8th could further support the share price.
Technical indicators also look bullish, with the fast stochastic oscillator showing the stock currently oversold and due for a bounce.
Entry Point: Buy on a pullback to support around $401.39.
Exit Point: Take profits around $428.63, the all-time highs set in December 2022.
Stop Loss: Place stop loss below recent swing low support at $389.58 to limit downside risk.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.