StockCall Scrutinizes Discover Financial Services, SLM Corp., CapitalSource, and CIT Group

Apr 18, 2013, 08:00 ET from

LONDON, April 18, 2013 /PRNewswire/ --

While major companies from the financial sector have posted good quarterly results, the sector itself followed the market-wide bearish sentiments during Wednesday's trading session. Concerns about domestic and global growth rate weighed the major stock indices down as The Dow Jones Index closed 0.94 percent lower at 14,618.59. Our research team followed major financial services stocks, focusing on the Credit Services industry's players such as Discover Financial Services (NYSE: DFS), SLM Corp. (NASDAQ: SLM), CapitalSource Inc. (NYSE: CSE), and CIT Group Inc. (NYSE: CIT). StockCall reviewed the Credit Services industry and chose DFS, SLM, CSE, and CIT for its technical coverage. These free reports can be seen for free at

Discover Financial Services trimmed its 52-week gain by closing 1.19 percent lower. The stock ended Wednesday's session at $42.50, while its highest price point for the session stood at $42.82. It traded 4.82 million shares, down from its average daily volume of 5.35 million shares. Discover Financial Services traded in the range of $30.48 and $45.38 in the past 52 weeks. Currently, it is trading near its high price point. The company commands market capitalization of $21.05 billion, and it reported its latest EPS at $4.43. The company's stock grew more than 29 percent in the past 52 weeks. Download the free research on DFS by signing up now at

SLM Corp. is up 21.25 percent on a YTD basis, despite its 2.18 percent loss in the previous trading session. The stock closed at $20.37 after trading in the range of $20.36 and $20.78. It shows a neutral streak and may touch $20.51 level. Its second resistance level is at $20.75. SLM traded 4.9 million shares during the session, up from its average trading volume of 3.60 million. The company's stock grew 37.17 percent in the past 52 weeks, but has shown some recovery so far in 2013. It is currently trading above its short-term moving average price of $20.24. Register for today's free analysis on SLM at

CapitalSource Inc. closed its latest trading session at $8.91, down 1.66 percent from its previous close. The stock traded in the range of $8.85 and $9.05 in Wednesday's session and traded 1.85 million shares. It is likely to face its first resistance level at $9.07 and upon breaching this level the stock may go up to $9.20. On the downside, CapitalSource may tumble to $8.89 level. The stock is highly volatile as it sports the beta of 2.15. So far in 2013, it grew 19.12 percent whereas in the past 52 weeks, it gained 36.66 percent of its value. The stock is in a neutral mode. Free report on CSE can be accessed by registering at

CIT Group Inc.'s stock is currently trading in oversold territory with its Relative Strength Index at 41.33. Consequently, the stock may see some gains in the coming sessions. It closed Wednesday's session at $41.83, down 0.48 percent. The stock is currently in a neutral mode and may touch $41.60 level in the coming days. Upon breaching this level, the stock's next support price is at $40.08. CIT's stock is highly volatile with its beta at 1.34. So far in 2013, the stock appreciated 10.11 percent. Its 52 weeks gain stands at 4.99 percent. The stock has traded in the range of $32.29 and $44.88 during the said time period. Register with StockCall and download the research on CIT for free at

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