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Friday, June 28, 2013

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

Bank of America Corp (NYSE: BAC): fell by 0.92% or $-0.12/share to $12.89. In the past year, the shares have traded as low as $6.90 and as high as $13.99. On average, 131866000 shares of BAC exchange hands on a given day and today's volume is recorded at 50748744. 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 $13.20 represents resistance and the 200-day moving average of $12.17 would be an area of support.

Citigroup Inc (NYSE: C): fell by 0.37% or $-0.18/share to $48.10. In the past year, the shares have traded as low as $24.91 and as high as $53.56. On average, 30944900 shares of C exchange hands on a given day and today's volume is recorded at 14008056. 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 $50.08 represents resistance and the 200-day moving average of $45.07 would be an area of support.

American Intl. Group Inc (NYSE: AIG): traded higher by 1.30% or $0.58/share to $45.06. In the past year, the shares have traded as low as $29.90 and as high as $46.46. On average, 17350900 shares of AIG exchange hands on a given day and today's volume is recorded at 7192031. 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 $44.74 area where the stock will likely see buying pressure.

JPMorgan Chase & Co. (NYSE: JPM): fell by 0.56% or $-0.3/share to $52.85. In the past year, the shares have traded as low as $33.10 and as high as $55.90. On average, 23261400 shares of JPM exchange hands on a given day and today's volume is recorded at 7760263. 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 $52.86 represents resistance and the 200-day moving average of $48.79 would be an area of support.

Wells Fargo & Co (NYSE: WFC): fell by 0.18% or $-0.073/share to $41.49. In the past year, the shares have traded as low as $31.25 and as high as $41.74. On average, 21250300 shares of WFC exchange hands on a given day and today's volume is recorded at 7960659. 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 $40.22 area where the stock will likely see buying pressure.