iStar Financial (SFI) Up Big.... Again

After posting big gains in six of the last seven trading sessions, iStar Financial Inc. (SFI) shares are now up a hefty 39% for the year. What was the prompt? That's the odd part - there's no news at all associated with the big move.

One could assume it's the nature of the company's business (consumer credit) and a potential economic revival that are at the heart of the bounce, though actual results are not yet aligned with that idea.

Either way, iStar Financial Inc. (SFI) is on the verge of breaking above technical resistance around $3.50. Considering the stock was trading at $50 in late 2007, there's a lot of potential recovery built into SFI, making the stock worth a closer look.