Banking stocks to watch tomorrow !!!
( click to enlarge )C - I Just wanted to point out the situation on Citigroup shares, long term remains bearish but short term direction keeps holding the bullish bias. Today the stock dropped to test the $4.07 support that overlaps with the recent bullish trendline. For intraday trades I’m a buyer but placing stops below $4 psychological level, if the stock slides below this support zone I’m reversing my longs to shorts within the blink of an eye. On the other hand, breaking above yesterdays highs, leaves space for further gains. At this stage, my strategy is : buy on dips, targeting April highs.
( click to enlarge )Respecting $26 level is short term resistance, a daily close above would change bias. What to expect from here: Technicaly speaking we could see the stock retrace to the previous support level at $24.75 again, which provides another optimal entry. I’m keeping my MS bullish bias unless there some signs of change in trend.
( click to enlarge )BAC - I’m short term bearish but long term bullish, therefore I’m expecting something like this. A run back above $15.75 would inmediately cancel this trade plan.
Earnings Announcements for Friday
Bank of America Corporation - BAC
CENTRAL FED CORP - CFBK
Citigroup Inc. - C
Commtouch Software Ltd. - CTCH
Community West Bancshares - CWBC
Crystallex International - KRY
Datalink Corp. - DTLK
East West Bancorp - EWBC
Eastern Virginia Bankshares - EVBS
First Horizon National Corporation - FHN
FUQI INTERNATIONAL INC - FUQI
Gannett - GCI
General Electric - GE0.27
Genuine Parts - GPC
KNOLL INC - KNL
Leading Brands - LBIX
LG DISPLAY CO LTD - LPL
Mattel - MAT
Metalink - MTLK
NEVADA GOLD & CASINOS INC - UWN
Rockwell Collins, Inc. - COL
Security National Financial - SNFCA
State Bancorp, Inc. - STBC
TORTOISE ENERGY CAP CORP - TYY
United Community Financial Corp. - UCFC
UNITED FINANCIAL BANCORP INC - UBNK
Volt Information Sciences - VOL
Webster Financial Corp. - WBS
West Coast Bancorp - WCBO
List of Stocks whose chart shows a Bollinger Band Expansion
ARNA - Arena Pharmaceutical
VSH - Vishay Intertechnology
AMED - Amedisys Inc
STR - QUESTAR CORP
AGN - ALLERGAN INCORPORATED
SSN - Samson Oil & Gas Ltd
VTG - Vantage Drilling
LNCR - Lincare Holdings Inc.
GTIV - Gentiva Health Serv
NGD - DRC RESOURCES CP
CTRP - CTRIP.COM INTL LTD ADS
AFFX - Affymetrix, Inc.
RAI - RJ Reynolds Tobacco
SKH - Skilled Healthcare
LHCG - LHC Group
NUSMF - ORCA PETROLEUM INC
WTR - PHILADELPHIA SUBURB
FCN - FTI Consulting Inc
RGS - RGS ENERGY GROUP INC
BJ - BJ'S WHOLESALE CLUB
CPTS - Conceptus, Inc.
BMTI - BIOMIMETIC THERAPEUT
AFAM - Almost Family Inc
STST - Argon St Inc
CIB - BANCOLOMBIA S A
CFW - CANO PETROLEUM INC
IDT - IDT Corp
MACD Bullish Cross
AMR - A M R CORP
SNDK - SanDisk Corporation
ADBE - Adobe Systems Incorporation
CX - CEMEX S.A.
SBUX - Starbucks Corporation
SOMX - SOMAXON PHARMACEUTIC
KV.A - K-V Pharmaceutical Co
NOC - NORTHROP GRUMMAN CORP
AMX - America Movil SA
WYNN - Wynn Resorts LTD
ABC - AMERISOURCEBERGEN CORP
AAI - AirTran Holdings, Inc
GMR - GENERAL MARITIME CORP
RRC - Range Resources Corp
FST - FOREST OIL CORP
TGB - Taseko Mines Ltd NPL
WFMI - Whole Foods Market
CIGX - Star Scientific, Inc.
LMT - LOCKHEED MARTIN CORP
SAI - SAIC INC
CELG - Celgene Corporation
XCO - EXCO RESOURCES INC
BEXP - Brigham Exploration Co
ESRX - Express Scripts, Inc.
LQD - ISHARES IBOXX CP BD
SHO - SUNSTONE HOTEL INVE
SONS - Sonus Networks, Inc.
JNY - JONES APPAREL GROUP
DYN - Dynegy Delaware Inc
XOMA - XOMA Ltd.
CBL - CBL and Associates
PWR - QUANTA SVCS INC
AN - AUTONATION INC
SMOD - SMART MODULAR TEC
AGP - AMERIGROUP Corp
FUQI - Fuqi International Inc
CXM - ARIES VENTURES INC
PWE - PENN WEST ENERGY TRU
XEC - Cimarex Energy Co
HLX - Helix Energy Solutions
HSWI - INTAC INTL INC
VCLK - ValueClick, Inc.
CSPKF - Cosco Pacific Ltd
AOL - AOL Inc
LULU - lululemon athletica
RS - RELIANCE STEEL & AL
HPT - HOSPITALITY PROP TRUST
CNI - CANADIAN NATL RAIL CO
MKC - MCCORMICK & CO INC
GNOLF - GENOIL INC
ADLS - ADVANCED LIFE SCIENCE
INTT - inTest Corporation
RES - R P C INC
DDS - DILLARDS INC CL A
WPRT - Westport Innovations
ISRG - Intuitive Surgical
QCC - Quest Capital
BKS - BARNES & NOBLE INC
NSU - NEVSUN RESOURCES LTD
ACXM - Acxiom Corporation
CYTR - CytRx Corporation
WTSLA - Wet Seal, Inc. (The)
BBG - Bill Barrett Corp
ORITD - Oritani Financial Corp
NAV - NAVISTAR INTL CORP
ALSK - Alaska Communications
VLNC - Valence Technology
TDG - Transdigm Group Inc
PDCO - Patterson Co
PNRA - Panera Bread Company
CBB - Cincinnati Bell
AYI - ACUITY BRANDS INC
GERN - Geron Corporation
ARIA - ARIAD Pharmaceutical
UTHR - United Therapeutics
ALK - ALASKA AIR GROUP INC
OOAG - OMDA Oil and Gas Inc
WCG - WELLCARE HEALTH
SFSF - SuccessFactors Inc
NAT - Nordic Amer Tanker
XRTX - XYRATEX LTD
CRA - Celera Group
IBCP - Independent Bank Co
AIT - APPLIED INDL TECH INC
SYT - Syngenta AG
NCV - Nicholas Applegate
HOMS - Homeland Security C
DRWI - Dragonwave Inc
DEER - Deer Consumr Pdt
ZRAN - Zoran Corporation
Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.
Good luck to all,
AC
