Technical Roundup on Regional Banks Equities -- Research on FirstMerit, First Republic Bank, TCF Financial, and East West Bancorp Editor Note: For more information about this release, please scroll to bottom
LONDON, June 9, 2014 /PRNewswire/ --
On Friday, June 06, 2014, the NASDAQ Composite ended at 4,321.40, up 0.59%, the Dow Jones Industrial Average advanced 0.52%, to finish the day at 16,924.28, and the S&P 500 closed at 1,949.44, up 0.46%. The gains were broad based as seven out of ten sectors ended the session in positive. The S&P 500 Financials Sector Index ended the day at 306.72, up 0.68%, with the index also advancing 3.94% in the last one month. Investor-Edge has initiated coverage on the following equities: FirstMerit Corp. (NASDAQ: FMER), First Republic Bank (NYSE: FRC), TCF Financial Corp. (NYSE: TCB) and East West Bancorp Inc. (NASDAQ: EWBC). Free technical research on FMER, FRC, TCB and EWBC can be downloaded upon signing up at:
On Friday, FirstMerit Corp.'s stock gained 1.49%, to close the day at $19.75. The stock recorded a trading volume of 0.68 million shares, much below its three months average volume of 1.23 million shares. The stock oscillated between $19.46 and $19.89 during the session. Over the last three trading sessions and over the past one month, FirstMerit Corp.'s shares have gained 3.78% and 2.49%, respectively. However, the stock has lost 11.16% since the start of this year. The stock is trading above its 50-day moving average of $19.60, while the 50-day moving average is below FirstMerit Corp.'s 200-day moving average of $21.24. Additionally, the stock traded at a PE ratio of 14.73 and has a Relative Strength Index (RSI) of 60.47. Sign up today to read free research on FMER at:
On Friday, shares in First Republic Bank recorded a trading volume of 1.09 million shares, higher than its three months average volume of 0.94 million shares. The stock ended the day at $54.14, which was 1.63% above its previous day's closing of $53.27, and registered an intraday range of $53.42 and $54.33. Shares of the company traded at a PE ratio of 18.05. First Republic Bank's shares have gained 3.50% in the previous three trading sessions, 7.23% in the last one month and 3.42% on YTD basis. The company's stock is trading above its 50-day and 200-day moving averages of $52.03 and $50.35, respectively. Furthermore, shares of the company have an RSI of 68.48. Sign up today to read free research on FRC at:
TCF Financial Corp.'s stock finished the Friday's session 0.49% higher at $16.39. A total of 0.90 million shares were traded, which was below its three months average volume of 1.01 million shares. The stock moved between $16.32 and $16.49 during the session. Over the last three trading sessions and the previous one month, TCF Financial Corp.'s shares have advanced 2.50% and 6.98%, respectively. Additionally, from the beginning of 2014, the company's stock has gained an upside of 0.86%. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $15.92 is greater than its 200-day moving average of $15.68. TCF Financial Corp.'s stock traded at a PE ratio of 17.62 and has an RSI of 67.39. Sign up today to read free research on TCB at:
On Friday, shares in East West Bancorp Inc. fluctuated between $34.86 and $35.53 before ending the session 1.17% higher at $35.42. East West Bancorp Inc.'s stock reported a trading volume of 0.47 million shares, below its three months average volume of 0.64 million shares. Shares of the company traded at a PE ratio of 16.17. East West Bancorp Inc.'s shares have advanced 2.31% in the previous three trading sessions, 4.76% in the last one month and 1.29% on YTD basis. The stock is trading above its 50-day and 200-day moving averages of $34.65 and $33.95, respectively. Moreover, shares of the company have an RSI of 64.40. Sign up today to read free research on EWBC at:
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