SLM Corporation (NYSE:SLM)
We own a 50k SLM Ed note Corporate medium bond and now the value is 17k and the bond rating is down. Can you tell me any good news
about this corporation?
The good news is that the stock is in an Uptrend according to our system. We made the call back on April 2nd at $5.22 and the equity has appreciated nicely. Also, the 50-day moving average is trending higher and is looking to cross above the 200-day average, a signal many technicians view as positive. We do not track the performance of individual corporates but history has shown that in many cases when the equity prices of companies improve, credit ratings may follow.
- 802 reads