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Thursday, March 22, 2012

Highly Active Financial Stocks (BAC) (C) (JPM) (WFC) (GS)

Bank of America Corp (NYSE: BAC): fell by 1.61% or $-0.1582/share to $9.66. In the past year, the shares have traded as low as $4.92 and as high as $13.88. On average, 298673984 shares of BAC exchange hands on a given day and today's volume is recorded at 104798944. 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 $8.25 area where the stock will likely see buying pressure.

Citigroup Inc. (NYSE: C): fell by 1.96% or $-0.74/share to $37.06. In the past year, the shares have traded as low as $21.40 and as high as $46.90. On average, 48760300 shares of C exchange hands on a given day and today's volume is recorded at 17548492. 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 $33.84 area where the stock will likely see buying pressure.

JPMorgan Chase & Co. (NYSE: JPM): fell by 0.78% or $-0.35/share to $44.77. In the past year, the shares have traded as low as $27.85 and as high as $47.80. On average, 33232100 shares of JPM exchange hands on a given day and today's volume is recorded at 8575682. 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 $39.96 area where the stock will likely see buying pressure.

Wells Fargo & Company (NYSE: WFC): fell by 1.75% or $-0.595/share to $33.32. In the past year, the shares have traded as low as $22.58 and as high as $34.59. On average, 31445400 shares of WFC exchange hands on a given day and today's volume is recorded at 11361512. 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 $31.35 area where the stock will likely see buying pressure.

Goldman Sachs Group, Inc. (NYSE: GS): fell by 0.79% or $-1.0/share to $124.99. In the past year, the shares have traded as low as $84.27 and as high as $164.40. On average, 6813830 shares of GS exchange hands on a given day and today's volume is recorded at 1803496. 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 $117.56 area where the stock will likely see buying pressure.