Mar. 24 at 3:11 AM
After-hours earnings are about to hit —
$EL and
$ZION both reporting tonight 👀
$EL is in freefall. Down 7.72% today to
$79.29, RSI at 25.52 (deeply oversold), 2.5x relative volume. That's 30.59% down in a month. All SMAs are miles above — SMA20 at
$95.07, SMA200 at
$94.88. China recovery story needs to deliver or this gets uglier fast.
$ZION at
$55.05, holding near SMA200 (
$55.70). NII trends and credit quality are the call. RSI 42, P/E 9.16 — regional banks need a clean print to reclaim SMA50 at
$59.07.
Watching
$EL for a dead-cat bounce if guidance isn't catastrophic.
$ZION needs to hold
$55 support post-print.
#Earnings #StocksToWatch #Trading
