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Friday, July 19, 2013

Gains In The Financial Sector Today (TINY) (CPSS) (ERIE) (ASFI) (HOME)

Harris & Harris Group (NASDAQ: TINY): fell by 1.28% or $-0.04/share to $3.08. In the past year, the shares have traded as low as $3.01 and as high as $4.07. On average, 196376 shares of TINY exchange hands on a given day and today's volume is recorded at 49722. 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 $3.25 area but be careful because the stock may face selling pressure at this level.

Consumer Portfolio (NASDAQ: CPSS): fell by 1.06% or $-0.07/share to $6.54. In the past year, the shares have traded as low as $6.51 and as high as $12.79. On average, 170390 shares of CPSS exchange hands on a given day and today's volume is recorded at 42154. 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 $7.29 area but be careful because the stock may face selling pressure at this level.

Erie Indemnity Company (NASDAQ: ERIE): remained unchanged at $82.40. In the past year, the shares have traded as low as $61.13 and as high as $83.57. On average, 27714 shares of ERIE exchange hands on a given day and today's volume is recorded at 4956. 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 $77.92 area where the stock will likely see buying pressure.

Asta Funding, Inc. (NASDAQ: ASFI): fell by 2.78% or $-0.25/share to $8.75. In the past year, the shares have traded as low as $7.95 and as high as $10.49. On average, 52554 shares of ASFI exchange hands on a given day and today's volume is recorded at 8419. 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 $8.80 area but be careful because the stock may face selling pressure at this level.

Home Federal Bancorp, Inc (NASDAQ: HOME): fell by 0.69% or $-0.1/share to $14.34. In the past year, the shares have traded as low as $9.64 and as high as $14.81. On average, 23952 shares of HOME exchange hands on a given day and today's volume is recorded at 15521. 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 $12.83 area where the stock will likely see buying pressure.