Expert Briefing on Banking Stocks -- Research on Mitsubishi UFJ Financial, Toronto-Dominion, Lloyds Banking, and HSBC Holdings Editor Note: For more information about this release, please scroll to bottom
LONDON, May 12, 2014 /PRNewswire/ --
On Friday, May 9, 2014, the NASDAQ Composite ended at 4,071.87, up 0.50%, the Dow Jones Industrial Average advanced 0.20%, to finish the day at 16,583.34, and the S&P 500 closed at 1,878.48, up 0.15%. The gains were broad based with six out of ten sectors edging higher. The S&P 500 Financials Sector Index ended the day at 295.08, down 0.10%, whereas the index advanced 2.88% in the last one month. Investor-Edge has initiated coverage on the following equities: Mitsubishi UFJ Financial Group Inc. (NYSE: MTU), The Toronto-Dominion Bank (NYSE: TD), Lloyds Banking Group PLC (NYSE: LYG) and HSBC Holdings PLC (NYSE: HSBC). Free technical research on MTU, TD, LYG and HSBC can be downloaded upon signing up at:
On Friday, shares in Mitsubishi UFJ Financial Group Inc. recorded a trading volume of 2.02 million shares, higher than its three months average volume of 1.90 million shares. The stock ended the day at $5.45, which was 0.37% above its previous day's closing of $5.43, and registered an intraday range of $5.43 and $5.47. Although Mitsubishi UFJ Financial Group Inc.'s shares have advanced 4.41% in the last one month, the stock has lost 0.55% in the previous three trading sessions and 18.41% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages of $5.50 and $6.11, respectively. Furthermore, shares of Mitsubishi UFJ Financial Group Inc. have a Relative Strength Index (RSI) of 49.84. Sign up today to read free research on MTU at:
The Toronto-Dominion Bank's stock finished the Friday's session 0.75% lower at $47.88. A total of 0.42 million shares were traded, which was below its three months average volume of 0.70 million shares. The stock vacillated between $47.71 and $48.08 during the session. Over the last one month and the previous three months, the Toronto-Dominion Bank's shares have gained 3.08% and 8.62%, respectively. Additionally, from the beginning of 2014, the company's stock has advanced 1.61%. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $46.71 is greater than its 200-day moving average of $45.03. The Toronto-Dominion Bank's stock traded at a PE ratio of 13.82 and has an RSI of 61.20. Sign up today to read free research on TD at:
On Friday, shares in Lloyds Banking Group PLC fluctuated between $5.18 and $5.25 before ending the session 0.57% lower at $5.22. The stock reported a trading volume of 2.13 million shares, below its three months average volume of 2.67 million shares. Lloyds Banking Group PLC's shares have fallen by 2.79% in the previous three trading sessions and 1.88% on YTD basis, while the stock has gained 6.53% in the last one month. The stock is trading above its 50-day and 200-day moving averages of $5.21 and $5.07, respectively. Moreover, shares of Lloyds Banking Group PLC have an RSI of 51.02. Sign up today to read free research on LYG at:
HSBC Holdings PLC's stock edged 0.08% higher, to close the day at $50.33. The stock recorded a trading volume of 1.36 million shares, below its three months average volume of 1.84 million shares. The stock oscillated between $50.13 and $50.42 during the session. Over the last three trading sessions and over the past one month, HSBC Holdings PLC's shares have fallen by 1.80% and 2.56%, respectively. Further, the stock has lost 8.71% since the start of this year. The stock is trading below its 50-day and 200-day moving averages. HSBC Holdings PLC's 50-day moving average of $51.12 is below its 200-day moving average of $53.79. Additionally, the stock has an RSI of 40.13. Sign up today to read free research on HSBC at:
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