Accredited Home Lenders Holding Faces Price Resistance

Accredited Home Lenders Holding Company (LEND), a mortgage banker that deals in subprime loans, has a cyclical price pattern. Since 2003 LEND has completed five major price cycles and is on the upside of its sixth cycle. The stock faces significant resistance at $50 so be careful if you are considering buying it.

Originally posted January 2, 2006