Today’s scan highlights International Business Machines (IBM), Life Partners Holdings (LPHI) and Nordic American Tankers Shipping (NAT). IBM recently broke out of a horizontal channel, an extremely bullish chart pattern. With 35% of the float held short, LPHI is likely experiencing a short covering rally. NAT has been in a declining trading range for some time now. Watch this stock as it nears the apex of its triangle and tests $26.25 support.
Poor personal loan portfolios in a weak economy equals a lot of trouble. Couple that with a presidential administration completely against your specific business model and things go from bad to worse.