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Friday, July 19, 2013

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

Fortress Investment Group (NYSE: FIG): traded higher by 1.05% or $0.08/share to $7.72. In the past year, the shares have traded as low as $3.69 and as high as $7.77. On average, 1277140 shares of FIG exchange hands on a given day and today's volume is recorded at 319662. 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 $7.01 area where the stock will likely see buying pressure.

BankFinancial Corporation (NASDAQ: BFIN): fell by 1.72% or $-0.16/share to $9.12. In the past year, the shares have traded as low as $6.62 and as high as $9.40. On average, 27860 shares of BFIN exchange hands on a given day and today's volume is recorded at 10014. 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 $8.44 area where the stock will likely see buying pressure.

First Bancorp (NASDAQ: FBNC): traded higher by 0.16% or $0.025/share to $15.20. In the past year, the shares have traded as low as $7.68 and as high as $15.77. On average, 36959 shares of FBNC exchange hands on a given day and today's volume is recorded at 9797. 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 0.74% or $0.42/share to $57.25. In the past year, the shares have traded as low as $52.52 and as high as $70.62. On average, 291936 shares of CIB exchange hands on a given day and today's volume is recorded at 96188. 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 $63.70 represents resistance and the 50-day moving average of $56.49 would be an area of support.

Nomura Hldgs., Inc. (ADR) (NYSE: NMR): fell by 1.92% or $-0.16/share to $8.17. In the past year, the shares have traded as low as $3.13 and as high as $9.64. On average, 1956480 shares of NMR exchange hands on a given day and today's volume is recorded at 226370. 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 $7.75 area where the stock will likely see buying pressure.