Technicalspeculator.com Trade-of-the-Week: Banco Santander Brasil S A (BSBR)

By Tech_Spec
9-January-2019 3:19:43 AM
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This week’s trade comes from the financial (banking) sector of NASDAQ.   Some of the highlights are a low P/E, recent quarterly earnings growth is up by 37.10% and a new all-time high for the stock price.

Company profile: Banco Santander (Brasil) S.A. provides banking products and services in Brazil and internationally. The company operates in two segments, Commercial Banking and Global Wholesale Banking. It offers savings and investment products, annuities, loans and advances, mortgage loans, credit cards, pension plans, and social securities, as well as leasing and foreign exchange services. The company also provides payment, securities and insurance brokerage, capitalization, buying club management, securitization, credit and recovery management, resource management, and other services.  The company also provides payment, securities and insurance brokerage, capitalization, buying club management, securitization, credit and recovery management, resource management, and other services. Banco Santander (Brasil) S.A. was incorporated in 1985 and is headquartered in São Paulo, Brazil.

Fundamentals:

Trailing P/E: 16.16, Forward P/E: 14.88

EPS: 0.79, PEG: 0.73

P/S: 5.56, P/B: 2.00

Profit margin: 34.39%, Operating margin: 38.57%

ROE: 1.70%, ROA: 12.63%

Qrtly earnings growth: 37.10%

Additional fundamental data: https://finance.yahoo.com/quote/BSBR/key-statistics?p=BSBR

Technicals:

Recently broke out of a 10-month consolidation

New 52-week high, New all-time high

Buying momentum (RSI) is positive and rising. It is near overbought, Buying volume is neutral

1st support level is $12.25, The safety stop is at $11.45

The target is $14.75

Suggested buying approach: Buy at the current price level. If BSBR pulls back, as long as the level is above the safety stop, wait for confirmation of support and than add to the position. Always use a 3% trailing stop.

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Author: Tech_Spec

Canada’s only Master of Financial Technical Analysis (MFTA). This 4 – 5 year program offered by the International Federation of Technical Analysts (IFTA) in England is regarded as the global standard. • Instructor of Technical Analysis for the Canadian Securities Institute (CSI). My role is teaching market analysis to industry professionals. • Financial Technical Analyst offering 25 years experience in the financial and investment service industry. • Editor and owner of the Technicalspeculator.com, an on-line independent financial market research and newsletter website. • Registered Securities Advisor

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