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Tuesday, July 16, 2013

Financial Stocks Fall Drastically (FIG) (BFIN) (FBNC) (CIB) (NMR)

Fortress Investment Group (NYSE: FIG): fell by 0.56% or $-0.04/share to $7.15. In the past year, the shares have traded as low as $3.69 and as high as $7.66. On average, 1282560 shares of FIG exchange hands on a given day and today's volume is recorded at 435825. 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 $6.99 area where the stock will likely see buying pressure.

BankFinancial Corporation (NASDAQ: BFIN): traded higher by 1.88% or $0.17/share to $9.21. In the past year, the shares have traded as low as $6.62 and as high as $9.24. On average, 27489 shares of BFIN exchange hands on a given day and today's volume is recorded at 23324. 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 $8.37 area where the stock will likely see buying pressure.

First Bancorp (NASDAQ: FBNC): fell by 2.48% or $-0.39/share to $15.31. In the past year, the shares have traded as low as $7.68 and as high as $15.77. On average, 37302 shares of FBNC exchange hands on a given day and today's volume is recorded at 13572. 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 $14.48 area where the stock will likely see buying pressure.

Bancolombia S.A. (ADR) (NYSE: CIB): traded higher by 0.29% or $0.16/share to $55.36. In the past year, the shares have traded as low as $52.52 and as high as $70.62. On average, 284117 shares of CIB exchange hands on a given day and today's volume is recorded at 431557. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $56.82 area but be careful because the stock may face selling pressure at this level.

Nomura Hldgs., Inc. (ADR) (NYSE: NMR): fell by 1.67% or $-0.14/share to $8.23. In the past year, the shares have traded as low as $3.13 and as high as $9.64. On average, 2021670 shares of NMR exchange hands on a given day and today's volume is recorded at 232062. 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 $7.73 area where the stock will likely see buying pressure.