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Thursday, July 18, 2013

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

Fortress Investment Group (NYSE: FIG): traded higher by 4.30% or $0.32/share to $7.76. In the past year, the shares have traded as low as $3.69 and as high as $7.66. On average, 1274470 shares of FIG exchange hands on a given day and today's volume is recorded at 1059703. 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 $7.00 area where the stock will likely see buying pressure.

BankFinancial Corporation (NASDAQ: BFIN): fell by 0.22% or $-0.02/share to $9.25. In the past year, the shares have traded as low as $6.62 and as high as $9.40. On average, 27854 shares of BFIN exchange hands on a given day and today's volume is recorded at 12841. 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 $8.42 area where the stock will likely see buying pressure.

First Bancorp (NASDAQ: FBNC): fell by 1.23% or $-0.19/share to $15.21. In the past year, the shares have traded as low as $7.68 and as high as $15.77. On average, 37105 shares of FBNC exchange hands on a given day and today's volume is recorded at 23990. 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 $14.52 area where the stock will likely see buying pressure.

Bancolombia S.A. (ADR) (NYSE: CIB): traded higher by 0.98% or $0.55/share to $56.75. In the past year, the shares have traded as low as $52.52 and as high as $70.62. On average, 292143 shares of CIB exchange hands on a given day and today's volume is recorded at 126212. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $63.75 represents resistance and the 50-day moving average of $56.62 would be an area of support.

Nomura Hldgs., Inc. (ADR) (NYSE: NMR): traded higher by 0.60% or $0.05/share to $8.34. In the past year, the shares have traded as low as $3.13 and as high as $9.64. On average, 1959620 shares of NMR exchange hands on a given day and today's volume is recorded at 416703. 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 $7.74 area where the stock will likely see buying pressure.