Diversified Banks Stocks Technical Analysis -- Bank of America, Citigroup, Itau Unibanco Holding, Banco Bradesco, and Banco Santander Brasil
LONDON, May 1, 2015 /PRNewswire/ --
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Investor-Edge has initiated coverage on the following equities: Bank of America Corporation (NYSE: BAC), Citigroup Inc. (NYSE: C), Itau Unibanco Holding S.A. (NYSE: ITUB), Banco Bradesco S.A. (NYSE: BBD), and Banco Santander Brasil S.A. (NYSE: BSBR). Free research report on Bank of America can be accessed at http://get.Investor-Edge.com/pdf/?c=Bank%20of%20America&d=01-May-2015&s=BAC. On Thursday, April 30, 2015, the NASDAQ Composite ended at 4,941.42, down 1.64%, the Dow Jones Industrial Average declined 1.08%, to finish the day at 17,840.52, and the S&P 500 closed at 2,085.51, down 1.01%. The losses were broad based as all the sectors ended the session in negative. The S&P 500 Financials Sector Index ended the day at 325.20, down 0.74%, while the index has advanced 4.90% in the previous three months. Register for your complimentary reports at the links given below.
Bank of America Corp.'s stock finished Thursday's session 0.31% lower at $15.93. A total of 77.66 million shares were traded, which was below its three months average volume of 84.57 million shares. The stock moved between $15.79 and $16.05 during the session. Over the last one month and the previous three months, Bank of America Corp.'s shares have advanced 3.51% and 5.15%, respectively. However, the stock has declined 10.96% since the beginning of 2015. The company's shares are trading above their 50-day moving average. Moreover, the stock's 200-day moving average of $16.33 is greater than its 50-day moving average of $15.82. Bank of America Corp.'s stock traded at a PE ratio of 11.47 and has a Relative Strength Index (RSI) of 58.40. Sign up and read the free notes on BAC at:
http://get.Investor-Edge.com/pdf/?c=Bank%20of%20America&d=01-May-2015&s=BAC
On Thursday, shares in Citigroup Inc. fluctuated between $52.92 and $53.97 before ending the session 0.82% lower at $53.32. The stock reported a trading volume of 19.42 million shares, close to its three months average volume of 18.69 million shares. Shares of the company traded at a PE ratio of 10.16. Citigroup Inc.'s shares have advanced 3.49% in the last one month and 13.57% in the previous three months. However, the stock has declined 1.46% on YTD basis. The company is trading above its 50-day and 200-day moving averages of $52.54 and $51.72, respectively. Moreover, shares of Citigroup Inc. have an RSI of 60.06. The complimentary notes on C can be downloaded as in PDF format at:
http://get.Investor-Edge.com/pdf/?c=Citigroup&d=01-May-2015&s=C
Itau Unibanco Holding S.A.'s stock edged 0.93% lower, to close the day at $12.82. The stock recorded a trading volume of 13.96 million shares, below its three months average volume of 15.19 million shares. The stock oscillated between $12.62 and $12.95 during the session. Over the last one month and over the past three months, Itau Unibanco Holding S.A.'s shares have gained 15.91% and 5.78%, respectively. However, the stock has lost 1.46% since the start of this year. The company is trading above its 50-day moving average of $11.80, while the 50-day moving average is below Itau Unibanco Holding S.A.'s 200-day moving average of $13.86. Additionally, the stock has an RSI of 61.63. Register for free on Investor-Edge and access the latest research on ITUB at:
http://get.Investor-Edge.com/pdf/?c=Itau%20Unibanco%20Holding&d=01-May-2015&s=ITUB
On Thursday, shares in Banco Bradesco S.A. recorded a trading volume of 14.24 million shares, higher than its three months average volume of 10.70 million shares. The stock ended the day at $10.69, which was 0.37% below its previous day's closing of $10.73, and registered an intraday range of $10.46 and $10.76. Banco Bradesco S.A.'s shares have advanced 15.19% in the last one month and 2.79% in the previous three months. However, the stock has declined 4.05% on YTD basis. The company is trading above its 50-day moving average of $10.00. Furthermore, shares of Banco Bradesco S.A. have an RSI of 58.87. The complete research on BBD is available for free at:
http://get.Investor-Edge.com/pdf/?c=Banco%20Bradesco&d=01-May-2015&s=BBD
Banco Santander Brasil S.A.'s stock edged 0.73% lower, to close Thursday's session at $5.43, after oscillating between $5.30 and $5.47. The stock recorded a trading volume of 1.19 million shares, below its three months average volume of 1.39 million shares. Over the last one month and the previous three months, Banco Santander Brasil S.A.'s shares have surged 23.13% and 17.53%, respectively. Additionally, from the beginning of 2015, the stock has gained an upside of 8.17%. The company is trading above its 50-day moving average. The stock's 200-day moving average of $5.64 is above its 50-day moving average of $4.77. Furthermore, Banco Santander Brasil S.A.'s stock has an RSI of 68.82. Free in depth research on BSBR is available at:
http://get.Investor-Edge.com/pdf/?c=Banco%20Santander%20Brasil&d=01-May-2015&s=BSBR
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