OneMain Holdings, Inc. Financial | Credit Services | USA OneMain Holdings, Inc., through its subsidiaries, provides consumer finance and credit insurance products and services. It provides personal loans secured by consumer household goods, and other personal property; and unsecured loans. The company also offers auto loans for purchasing new vehicles, as well as to pay off the existing auto loans. In addition, it writes credit life, credit accident and health, credit involuntary unemployment, and credit related property and casualty insurance products; non-credit insurance products; and offers auto security membership plans. The company was formerly known as Springleaf Holdings, Inc. and changed its name to OneMain Holdings, Inc. in November 2015. The company was founded in 1920 and is headquartered in Evansville, Indiana.
The step-like pattern back in January got messy, but it ended gapping up on their February report (so there was a range that was gapped over twice). Then price pulled back to fill the gap but went no lower. Consolidated at 22.25-23.25 and now has been steadily increasing to the point where it's back to the top of the gap. See if it breaks out. Weekly chart: The weekly momentum indicators show that the moving averages (10-week, 20-week) have just started turning up with price turning up. Daily chart, you can see a cup and handle if you want to:
Anecdote: Last night I passed a local AMSCOT (Florida only so far) and the parking lot was full. Amscot is a privately owned company, so that idea was shelved. I started to research others and found OMF. It's on watch so far, I'll have to see how it behaves the next few weeks.
