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Thursday, April 5, 2012

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

Bank of America Corp (NYSE: BAC): traded higher by 1.52% or $0.14/share to $9.34. In the past year, the shares have traded as low as $4.92 and as high as $13.88. On average, 300966016 shares of BAC exchange hands on a given day and today's volume is recorded at 108987840. 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 $8.74 area where the stock will likely see buying pressure.

JPMorgan Chase & Co. (NYSE: JPM): traded higher by 0.09% or $0.04/share to $44.45. In the past year, the shares have traded as low as $27.85 and as high as $47.80. On average, 33770200 shares of JPM exchange hands on a given day and today's volume is recorded at 12588084. 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 $42.14 area where the stock will likely see buying pressure.

Citigroup Inc. (NYSE: C): fell by 0.23% or $-0.08/share to $34.96. In the past year, the shares have traded as low as $21.40 and as high as $46.90. On average, 47678500 shares of C exchange hands on a given day and today's volume is recorded at 15207223. 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 $34.91 area where the stock will likely see buying pressure.

American Intl. Group, Inc (NYSE: AIG): traded higher by 1.60% or $0.52/share to $33.04. In the past year, the shares have traded as low as $19.18 and as high as $35.24. On average, 10250100 shares of AIG exchange hands on a given day and today's volume is recorded at 11452959. 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 $28.84 area where the stock will likely see buying pressure.

Goldman Sachs Group, Inc. (NYSE: GS): fell by 1.03% or $-1.24/share to $118.72. In the past year, the shares have traded as low as $84.27 and as high as $164.40. On average, 6700020 shares of GS exchange hands on a given day and today's volume is recorded at 2369580. 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 $120.31 represents resistance and the 200-day moving average of $105.44 would be an area of support.