People's United Financial, Inc. (NASDAQ:PBCT)

CAPS Rating: 3 out of 5

A holding company for People's Bank, which offers a range of financial services to individual, corporate and municipal customers.

Recs

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Player Avatar Tero45 (< 20) Submitted: 8/6/2010 3:25:04 PM : Underperform Start Price: $12.45 PBCT Score: +21.99

Looking at the monthly chart, I see two important signs. The volume has tripled in the past few years.And the price range is in a top filled channel. Something Ted Warren would call "False Support"Meaning smart money wants to unload the stock.And is buying just enough to trigger a rally, then dumping as much as the market can swallow.Once smart money has unloaded its position, the rallies WILL end.

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