SLM Corporation, commonly known as Sallie Mae, is a leading provider of education loans and related financial services. They specialize in offering private student loans, as well as banking products and services tailored to the needs of students and their families. Sallie Mae aims to help students achieve their educational goals by providing access to affordable financing options and resources for managing student debt.
The stock of SLM Corporation, ticker symbol SLM, has formed a nice base and is currently coiling below resistance. Forming a base refers to a period of consolidation and sideways movement in the stock price, where the price trades within a relatively narrow range. This base-building process often precedes a potential breakout or significant price movement. Coiling below resistance suggests that the stock is gathering momentum and preparing for a potential upward move.
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