US Stock In Play: $SLM (SLM Corporation)$SLM gained a further +5.17%, via a second display of Open Drive price action behavior within the last 10 trading session. Since the start of 2021, $SLM have accumulated a total gain of +43.10%, with majority of the gains effected from the rebound back above its 20DMA on 28th January 2021 onwards.
With $SLM already broken out of its uptrend channel convincingly this morning with a new 52-weeks high, further immediate upside may be expected as current implied volatility ($0.42/day) of $SLM remains below its 2 months ATR peak at $0.58/day.
The next significant price resistance level for $SLM is at $22.00, 27.35% away from its latest closing price.
$SLM, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States.
