NWBI - Northwest Bancshares, Inc.
Northwest Bancorp, Inc. is a holding company of Northwest Savings Bank (the Bank). The Bank is a community-oriented financial institution offering traditional deposit and loan products, and through a wholly-owned subsidiary, consumer finance services. As of December 31, 2008, the Company operated 141 community banking offices and 49 consumer finance offices. In addition, the Company operated five community banking offices. The Company focuses its lending activities primarily on the origination of loans secured by first mortgages on owner-occupied, one- to four-family residences. The Company's principal sources of funds are deposits, borrowed funds and the principal and interest payments on loans and marketable securities.
A Filled Black Candle means that the stock gapped up and then closed lower than the open - a sign of weakness. This often happens at the end of a short term uptrend. Those that are long this stock are now getting nervous. If the stock moves much lower, these traders will likely sell.
A Hollow Red Candle means that the stock gapped down but still had enough strength to close above the opening price. This often happens at the end of a short term downtrend. Those that shorted the stock are now getting nervous. If this stock moves much higher, they will likely cover.
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