Trade Ideas: BKUNA

Bullish engulfing pattern on a breakout from a flag supported by heavy volume. Price action followed strong earnings. Nearby resistance at $28.46 - a break from which will complete the base and drive the next phase of the rally. Golden cross (50-day cross above the 200-day MA) was an added bonus for the bulls. Projected target of $36.

BankUnited Financial Corporation operates as the holding company for BankUnited FSB that provides consumer and commercial banking products and services to consumers and businesses in Florida.

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