JimVanMeerten (47.71)

Popular Stocks on the Move

September 11, 2012 – Comments (1) | RELATED TICKERS: BAC , C , CSCO

Today I used Barchart to review the momentum of 3 very widely followed stocks and found good upward momentum in Bank of America(BAC), CitiGroup (C) and Cisco Systems (CSCO).

Bank of America (BAC)
Barchart technical indicators:

100% Barchart technical buy signal

Trend Spotter buy signal

Above its 20, 50 and 100 day moving averages

8 new highs and up 12.92% in the last month

Relative Strength Index 69.61%

Barchart computes a technical support level at 8.29

Recently traded at 8.74 with a 50 day moving average of 7.76

CitiGroup (C)
Barchart technical indicators:

88% Barchart technical buy signal

Trend Spotter buy signal

Above its 20, 50 and 100 day moving averages

8 new highs and up 12.94% in the last month

Relative Strength Index 74.40%

Barchart computes a technical support level at 31.24

Recently traded at 32.59 with a 50 day moving average of 28.21

Cisco Systems (CSCO)
Barchart technical indicators:

64% Barchart technical buy signal

Trend Spotter buy signal

Above its 20, 50 and 100 day moving average

6 new highs and up 9.42% in the last month

Relative Strength Index 60.28%

Barchart computes a technical support level at 18.87

Recently traded at 19.19 with a 50 day moving average of 17.45