StockCall Early Morning Insight into Invesco, Kohlberg Kravis Roberts & Co., American Capital, and Prospect Capital
LONDON, March 7, 2013 /PRNewswire/ --
Financial sector showed good returns as did the broader markets on Wednesday. Despite concerns about budget cuts and slowdown in economic growth, the markets scored another day in green territory. Asset Management stocks also performed well as the companies announce increased inflow of funds. The Dow Jones ended its latest session at 14,296.24, up 0.30 percent while NASDAQ was down 0.05 percent to close at 3,222.37. Conversely, S&P closed on a positive note at 1,541.46, up 0.11 percent. Our research team took a look at Financial sector, digging into the asset management industry selecting major companies like Invesco Ltd. (NYSE: IVZ), KKR & Co. LP (NYSE: KKR), American Capital Ltd. (NASDAQ: ACAS) and Prospect Capital Corporation (NASDAQ: PSEC) for technical review. StockCall technical analysis and charting reports on IVZ, KKR, ACAS, and PSEC can be downloaded free now at
Invesco Ltd. is currently in a bullish mode as the stock ended its previous trading session at $27.78, up 0.29 percent. The stock traded in the range of $27.72 and $28.04 during yesterday's session with volume of 3.15 million shares. Its first support level is at $27.58 and upon breaching this level the stock may go down to $27.12 level. On the upside, Invesco's stock may touch $28.17 level. The stock has traded in the range of $20.49 and $28.49 in the past 52 weeks and it grew by 12.15 percent during the same time period. On a Year-to-Date basis, the stock is 6.48 percent. Download the free research on IVZ today by registering at
KKR & Co. LP's shares were up for its latest trading session, ending the day 0.27 percent up at $18.85. The stock fell to an intra-day low of $18.68, while its intra-day high stood at $19.01. Despite the mild upward move, the stock has gained more than 23 percent this year, compared to a gain of 8.08 percent for the S&P 500. It traded 1.84 million shares, in comparison to its usual volume of 2.80 million. The company's shares have strong support at around $13.40, as the stock shows a bullish trend. The stock is trading higher than its 20-day and 50-day moving averages price of $17.92 and $16.81 respectively. Sign up and have access to our free report on KKR at
American Capital Ltd. traded in the range of $14.16 and $14.36 in its latest trading session and ended the day at $14.34, up 1.06 percent. The stock's 52 weeks range stands at $8.16 and $14.36. The company has gained 61.3 percent of its value in the past 12 months, while it gained 19 percent so far this year. American Capital is in a bullish mode and may find its first support level at $14.03. It is trading above its 20-day moving average of $13.78. Sign up and read the complimentary report on ACAS at
Shares of Prospect Capital Corp. ended Wednesday's trading session marginally lower at $11.09, down 0.18 percent. The stock is up 2.02 percent this year, underperforming the broad market. The stock has slipped from $11.15 resistance level. It has support at around $10.75 at the moment. With its downward move, Prospect Capital is still trading below their 6-day and 20-day moving averages. The free report on PSEC can be downloaded by signing up now at
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