Chart of the day is owned by Illinois regional bank Old Second Bancorp (OSBC). I found the stock by first sorting Russell 3000 Index stocks by most frequent number of new highs in the last month and having a Trend Spotter buy signal, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter first signaled a buy on 10/17, the stock has gained 18.10%.
Old Second Bancorp, Inc. operates as a bank holding company for Old Second National Bank which provides community banking services. It provides current, NOW, money market, savings, term deposit, individual retirement and checking accounts, as well as certificates of deposit accounts. The company also offers commercial loans; finance lease receivables; commercial real estate loans; building loans; residential real estate loans, such as residential first and second mortgages; home equity line of credit; consumer loans, including auto, home improvement and signature loans; installment loans and agricultural loans; residential mortgages; and verification of overdrafts. Also, it provides safe deposit box services; trust and wealth management services; and money orders, cashiers checks, foreign currencies, direct deposits, discount brokerage, debit and credit cards and other services, as well as the acquisition of US Treasury bills and bonds. Additionally, the company offers online and mobile banking; corporate cash management products, including remote and mobile deposit capture, investment transfer accounts, zero balance accounts, automated tax payments, ATM access, telephone banking, locked accounts, automated clearing house transactions, account reconciliation, controlled disbursements, detailed and general information reporting, foreign and domestic wire transfers and vault services for foreign currency and coins. change ; and investment, agency, and custodial services for individuals, businesses, and nonprofit organizations. It operates through 63 banking centers in Cook, DeKalb, DuPage, Kane, Kendall, LaSalle and Will counties in Illinois. Old Second Bancorp, Inc. was incorporated in 1981 and is headquartered in Aurora, Illinois.
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Analysts and Investor Sentiment – I’m not buying stocks because everyone else is buying them, but I realize that if big companies and investors are dumping a stock, it’s hard to make money against it. -running :