Trader Definition – “Fallen Angel”
Posted: November 9, 2013 Filed under: Terminology | Tags: 2013, Definitions, Terminology Leave a commentDefinition of ‘Fallen Angel’
1. A bond that was once investment grade but has since been reduced to junk bond status.
2. A stock that has fallen substantially from its all time highs.
Investopedia explains ‘Fallen Angel’
There is a fine line between fallen angels that are value stocks and those that are headed straight towards bankruptcy.