Anatomy of a Great Trade: Deep Value Unearthed This Bank Banking Sector Gem – HBAN

by | Jan 26, 2024

When headlines get bad, Deep Value traders get interested.

And one sector that’s been in the headlines quite a bit over the past year has been the banking sector.

Are small banks going under?

Are regional banks dead in the water?

These questions have been asked repeatedly since early 2023.

So, are they in trouble?

Or are they great Deep Value trades?

Let’s look at an example.

Where I live, Huntington Bank is a big name. It’s a smaller bank based in the Midwest.

And, not surprisingly, it has struggled.

Here’s the chart:

In October 2023, HBAN hit the bottom Bollinger Band™.

But that’s not the end of the world.

That could be an entry point.

You can see what’s happened next.

HBAN has gone from $9.47 to $12.95 in less than three months.

That’s a quick 36.7% gain.

Deep Value investors love to hear bad news.

Because that’s where the great trades live.

 

Happy trading,

— Scott Welsh

WRITTEN BY<br>Scott Welsh

WRITTEN BY
Scott Welsh

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