The USD 43 support, currently tested, should allow Wintrust Financial Corp to rally again.

Qualitative data have been posted on latest financial statements. In fact, the wealth management division stood the main mover of cash flow improvements. According to last releases, the American financial group beat analysts’ estimates by almost 4% with earnings of $34.5 million, which corresponds to an increase of 17% over the same period in previous year. Positive revisions have been made during the last twelve months and consensus among analysts recommend investors to hold on shares of the financial solutions provider.

After several weeks of horizontal fluctuations within the mid-term range USD 42.45 / 49.6, the stock comes once again back to the lower limit of the range. Moving averages crossing suggest a shift in tendency likely to take place, thus an upswing could be predicted. Moreover, the timing seems suitable for buying Wintrust' shares as prices approaches an inflection point where the bottom trend-line meets both supports. In sum, a technical rebound towards the USD 48.8 resistance is projected.

As the company is engaged in one of most efficient markets, its shares should provide a solid base for investor’s portfolio targeting the USD 48.8 level as main target. However, a stop-loss order must be placed under the mid-term support, near USD 41.6.