Banking Stocks Technical Review -- Research on Banco Bilbao Vizcaya Argentaria, Grupo Financiero Santander Mexico, Bank of Ireland, and HDFC Bank Editor Note: For more information about this release, please scroll to bottom.
LONDON, May 19, 2014 /PRNewswire/ --
On Friday, May 16, 2014, the NASDAQ Composite ended at 4,090.59, up 0.52%, the Dow Jones Industrial Average finished the day 0.27% higher at 16,491.31, and the S&P 500 closed at 1,877.86, up 0.37%. The gains were broad based as nine out of ten sectors ended the session in positive. The S&P 500 Financials Sector Index ended the day at 292.56, up 0.12%, while the index has declined 0.63% in the last one month. Investor-Edge has initiated coverage on the following equities: Banco Bilbao Vizcaya Argentaria S.A. (NYSE: BBVA), Grupo Financiero Santander Mexico S.A.B. de C.V. (NYSE: BSMX), Bank of Ireland (NYSE: IRE) and HDFC Bank Ltd (NYSE: HDB). Free technical research on BBVA, BSMX, IRE and HDB can be downloaded upon signing up at:
On Friday, shares in Banco Bilbao Vizcaya Argentaria S.A. recorded a trading volume of 1.12 million shares, lower than its three months average volume of 1.53 million shares. The stock finished the day at $12.21, up 0.74%, and registered an intraday range of $12.16 and $12.26. Shares in Banco Bilbao Vizcaya Argentaria S.A. have fallen by 0.81% in the last one month and 0.16% in the previous three months. Also, the stock has declined 1.45% on YTD basis. Furthermore, the company's stock is trading above its 200-day moving average. The stock's 50-day moving average of $12.28 is above its 200-day moving average of $11.70. Additionally, Shares of the company have a Relative Strength Index (RSI) of 46.52. Sign up today to read free research on BBVA at:
Shares in Grupo Financiero Santander Mexico S.A.B. de C.V. gained 2.56%, to close Friday's session at an intra-day high of $13.61, after oscillating between $13.30 and $13.61. The stock recorded a trading volume of 1.21 million shares, below its three months average volume of 1.94 million shares. Over the last one month and previous three months, shares in Grupo Financiero Santander Mexico S.A.B. de C.V. have surged 16.32% and 23.39%, respectively. However, from the beginning of 2014, the company's stock has declined 0.22%. The stock is trading above its 50-day and 200-day moving averages. The company stock's 200-day moving average of $13.02 is above its 50-day moving average of $11.86. Further, the company's stock has an RSI of 71.28. Sign up today to read free research on BSMX at:
On Friday, Bank of Ireland's stock finished the session 2.19% higher at $14.91. A total of 0.71 million shares were traded, which was above its three months average volume of 0.66 million shares. The stock moved between $14.61 and $15.30 during the session. Over the last one month and previous three months, Bank of Ireland's shares have lost 13.52% and 22.42%, respectively. However, the stock has gone up 3.47% since the start of this year. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $17.88 is greater than its 200-day moving average of $15.32. Bank of Ireland's stock has an RSI of 30.02. Sign up today to read free research on IRE at:
HDFC Bank Ltd's stock fluctuated between $44.70 and $46.23 before ending Friday's session up 6.11%, at $46.18, hitting a new 52-week high of $46.23. The company's stock reported a trading volume of 2.38 million shares, above its three months average volume of 1.27 million shares. Further, HDFC Bank Ltd's shares have rallied 13.27% over the last one month and 37.36% over the past three months. Also, the stock has gone up 34.09% on YTD basis. The stock is trading above its 50-day and 200-day moving averages. The stock's 50-day moving average of $40.41 is greater than its 200-day moving average of $34.85. Moreover, shares of the company have an RSI of 76.83. Sign up today to read free research on HDB at:
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