Stocks to watch
Among many others, we have
found 3 stocks (banking sector) which are worth to watch in the coming few
Finding a support from the
trend line, level of 190 can be interesting to watch. Shall the share break it
you may want to go long - please keep in mind 190 can be tested more than once
and price can bounce in between 190 and the trend until it finally breaks up or
down. Looking at fundamentals, in a P/E (current
market price / net earnings per share) Barclays is cheaper than its peers. This
can make it more attractive in investors’ eyes. In addition, being a British
bank it is not threatened to be downgraded like other EU banks.
Similar to Barclays - with
this difference that Citi was trading already below the trend line finding
support just below 25.00. 27.00 is the level to watch
(20-days moving average being here). 67% of analysts covering the stock have a
buy recommendation on it with a 1 year target price of USD 40.73.
Supported @ 12.25 and further
@ 13.00 can lead to further appreciation. Level to watch for breakout is just
above 14.00. Morgan Stanley confessed that they are in
talks with possible buyers about selling part of its commodities business.
Money in is
always good news.