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Wednesday, July 10, 2013

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

Fortress Investment Group (NYSE: FIG): fell by 0.85% or $-0.06/share to $6.99. In the past year, the shares have traded as low as $3.52 and as high as $7.66. On average, 1317100 shares of FIG exchange hands on a given day and today's volume is recorded at 460672. 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 $7.00 represents resistance and the 200-day moving average of $6.26 would be an area of support.

BankFinancial Corporation (NASDAQ: BFIN): traded higher by 0.11% or $0.01/share to $8.92. In the past year, the shares have traded as low as $6.62 and as high as $9.24. On average, 28308 shares of BFIN exchange hands on a given day and today's volume is recorded at 12777. 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 $8.27 area where the stock will likely see buying pressure.

First Bancorp (NASDAQ: FBNC): fell by 0.58% or $-0.09/share to $15.37. In the past year, the shares have traded as low as $7.68 and as high as $15.72. On average, 36946 shares of FBNC exchange hands on a given day and today's volume is recorded at 7363. 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 $14.33 area where the stock will likely see buying pressure.

Bancolombia S.A. (ADR) (NYSE: CIB): fell by 1.85% or $-1.015/share to $53.84. In the past year, the shares have traded as low as $53.58 and as high as $70.62. On average, 274894 shares of CIB exchange hands on a given day and today's volume is recorded at 430114. 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 $57.88 area but be careful because the stock may face selling pressure at this level.

Nomura Hldgs., Inc. (ADR) (NYSE: NMR): traded higher by 0.12% or $0.01/share to $8.11. In the past year, the shares have traded as low as $3.13 and as high as $9.64. On average, 2112980 shares of NMR exchange hands on a given day and today's volume is recorded at 251424. 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 $7.81 area where the stock will likely see buying pressure.