Premier Consumer Lender Setting up Bull Flag in Strong Trend
SLM (SLM) shares of the consumer lender are staying quite strong recently holding key support near 28 as the market sold off and now SLM seeing a bullish MACD cross and looks ready to run higher above all key moving averages. SLM ia more well known as Sallie Mae, the premier financial brand in higher education and has a strong trend in place and can easily test the former highs near 32.50 for a first target with fresh highs above that likely. The stock still has over 10,000 April $31 calls in open interest from buyers at $1.05 on 1/15 and 2000 July $34 calls bought at $1.25 on 2/5.