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Tuesday, March 27, 2012

Financial Stocks Jump (SLM) (CBKN) (HMPR) (NASB) (TIBB)

SLM Corp (NASDAQ: SLM): fell by 1.17% or $-0.1902/share to $16.10. In the past year, the shares have traded as low as $10.91 and as high as $17.11. On average, 3766420 shares of SLM exchange hands on a given day and today's volume is recorded at 2967828. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $16.12 represents resistance and the 200-day moving average of $14.13 would be an area of support.

Capital Bank Corporation (NASDAQ: CBKN): traded higher by 8.41% or $0.18/share to $2.32. In the past year, the shares have traded as low as $1.83 and as high as $4.60. On average, 21569 shares of CBKN exchange hands on a given day and today's volume is recorded at 26686. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $2.25 area where the stock will likely see buying pressure.

Hampton Roads Bankshares (NASDAQ: HMPR): traded higher by 7.24% or $0.21/share to $3.11. In the past year, the shares have traded as low as $2.23 and as high as $26.94. On average, 28447 shares of HMPR exchange hands on a given day and today's volume is recorded at 36400. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $3.53 represents resistance and the 50-day moving average of $2.67 would be an area of support.

NASB Financial, Inc. (NASDAQ: NASB): traded higher by 4.74% or $0.69/share to $15.25. In the past year, the shares have traded as low as $9.25 and as high as $17.65. On average, 2192 shares of NASB exchange hands on a given day and today's volume is recorded at 3002. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $13.87 area where the stock will likely see buying pressure.

TIB Financial Corp. (NASDAQ: TIBB): traded higher by 4.64% or $0.5008/share to $11.30. In the past year, the shares have traded as low as $8.51 and as high as $20.16. On average, 1958 shares of TIBB exchange hands on a given day and today's volume is recorded at 2925. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $10.73 area where the stock will likely see buying pressure.