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Bankrate, Inc. (RATE) publishes, aggregates, and distributes personal finance content on the Internet.
It offers consumers with proprietary, researched, comprehensive, independent, and objective personal finance editorial content across various vertical categories, including mortgages, deposits, insurance, credit cards, retirement, new and used automobile loans, money market accounts, certificates of deposit, checking and ATM fees, bank accounts, investments, financial planning, home equity loans, online banking fees, and taxes.
The company also aggregates rate information from various institutions on financial products; and publishes original and objective personal finance stories to help consumers make informed financial decisions. It distributes its content on a daily basis to online partners and print publications.
Shares have formed a bullish "flag" and higher share prices are expected for this stock. Please note that our entry point reflects our belief that the stock will see a moderate pullback before heading higher. The firm is expected to report earnings on April 29.
52-Week Trading Range: $10.73 - $23.14
Entry Point: $19.50
Stop Loss: $18.52
Target Price: $21.45
RATE reached our target price. Position closed at $21.40.
