BBD has been nibbling its way up through troubled water as the markets have been unkind this week. My TP is off the chart at $8.15
Always keep an an eye on the "REAL" Banco Bradesco (BBD) Stock Gaining as Real Climbs NEW YORK (TheStreet) -- Shares of Banco Bradesco (BBD) are higher by 5% to $7.24 on Wednesday afternoon, as some U.S. traded Brazil-based stocks trade in the green today due to the rise in the real. Banco Bradesco is a Sao Paulo-based multiple service bank offering clients in Brazil and abroad a variety of banking and financial services. The real was up by 0.7% to 3.5327 per dollar earlier this afternoon Brazil's currency gained after its central bank paused its intervention to weaken the real following its strong start to the year, Bloomberg reports. The central bank paused its involvement with the currency as the Brazilian Supreme Court has been asked by a top prosecutor to authorize an investigation into President Dilma Rousseff and her predecessor. The real has gained during periods of heightened speculation that President Rousseff will be ousted. A move many believe is an import step on the path to getting Brazil out of its current economic crisis. "With all the optimism on the political front, there is a tendency for the real to gain in the short term," said Camila Abdelmalack, the chief economist of brokerage CM Capital Markets in Sao Paulo. "Since the central bank did not announce new auctions, we should continue to see the currency strengthening." http://www.thestreet.com/story/1355...ng-as-real-climbs.html?puc=yahoo&cm_ven=YAHOO
Banco Bradesco (BBD): Strong Industry, Solid Earnings Estimate Revisions http://finance.yahoo.com/news/banco-bradesco-bbd-strong-industry-125112217.html
As Brazilian stocks taking a hit today and the DOW and financials down, BBD holding good off the lows. I increased my position this morning off the bottom as this has been one of my favorite swing plays
BBD has been ready to head north for quite some time but the unfriendly market, The Real, and other negatives have kept it from doing so. I think BBD could leap out the gate at any time and push against the 7.75 resistance.
BBD down to 7.16 currently. Is your target still 8.15? A quick glance at your list of picks shows BBD, AMD and IRT are the buying ops with most others nearing profit taking territory. (very cursory glance, trying not to miss any more moves due to analysis paralysis)
Why Banco Bradesco (BBD) Stock is Down Today NEW YORK (TheStreet) -- Shares of Banco Bradesco (BBD) are slumping by 1.74% to $6.77 late Monday morning, alongside the Ibovespa after a report implicated a minister of the two-week old government in Brazil's largest corruption scandal, Bloomberg reports. https://www.thestreet.com/story/135...ock-is-down-today.html?puc=yahoo&cm_ven=YAHOO
Even with a shareholder alert yesterday, BBD has continued a 2 day run as the other Brazilian plays I mentioned in other threads. There was also a couple of institutions that pulled out just prior to the run. Some where there was a PR where the Government was stepping in to help the banks but I can't seem to find it. I had stopped out of this one with a loss but I am back for another gamble. But in rectrospect I took down some hefty profits on previous trades on BBD. This is a high risk play so ease into the play if you decide to take the risk because of what is going on in Brazil
Banco Bradesco (BBD) Stock Up as Ibovespa Rises NEW YORK (TheStreet) -- Shares of Banco Bradesco (BBD) are gaining by 1.13% to $6.72 on Friday morning, as some U.S. traded Brazil-based stocks rise along with the South American country's benchmark stock index. The Ibovespa rose by 1.1% to 50,415.39 in Sao Paulo earlier this morning, Bloomberg reports. The index increased its weekly rise to 2.8%. https://www.thestreet.com/story/135...as-ibovespa-rises.html?puc=yahoo&cm_ven=YAHOO
BBD fell off the a Brazilian cliff recently along with may other Brazilian stocks. Even with possible violations of federal securities laws being investigated it had a little mini run for a few days. Unless it falls off that cliff again I hope to exit around the 7.75 level as a double top awaits
For those who missed an entry around $6.25, would you still recommend an entry for a ride up to $7.75, or would you recommend waiting to see if you can get a better entry on another pullback? I myself am not familiar with the Brazilian market other than knowing there's a lot of shit going on there right now, so I wouldn't get in without being at what I consider an actual support level, but others may be more willing to hop in for some quick profits.
I would wait for a pull back based on market conditions and not the stock itself if you can get one. On high risk plays like BBD I suggest to ease into the trade on at least a 2 tier buy and if it goes down, look to make a 2nd buy and set a stop. If it goes up you can still make your 2nd tier buy on a dip or pull back leveraged by your lower buy. Brazilian stocks are risky and not for everyone as there is so many variables that can cause the price to decline, like government turmoil, the currency and in the case of BBD a on going investigation
Brazil watchdog approves Bradesco purchase of HSBC local unit http://finance.yahoo.com/news/brazil-watchdog-approves-bradesco-purchase-161340187.html
BBD has given back a small part the gains from the run this week.The drop is on a higher low and lower volume. I think BBD is setting up to go higher
BBD showing strength today and only up 3 cents. If the markets should reverse their losses I expect BBD to climb higher. Currently $7
It was actually 6.99 when my post went through and that market dropped even more but BBD still edged up of few more cents on good volume. I feel BBD is ready to run if the market conditions are right and that Brazil doesn't fall off the a cliff again.
