Legg Mason, Inc. (NYSE:LM)
CAPS Rating:
The Company and its subsidiaries are principally engaged in providing asset management and related financial services to individuals, institutions, corporations and municipalities.
The Company and its subsidiaries are principally engaged in providing asset management and related financial services to individuals, institutions, corporations and municipalities.
Recs
Looking purely at the SlowStochastics on LM's chart, it appears this stock is currently ready for another slip down the rabbit hole. Irs financials aren't so bad, but it's in a beaten-up industry which still has some more pain to go through. I think we could see LM sink to $12/share, or perhaps more. I'll ride it down to at least that far, then I'm out of my Thumbs-Down position.