Today's Research on Blackstone, Apollo Investment, Valley National Bancorp, Royal Bank of Scotland, and Bank Of Nova Scotia
LONDON, April 22, 2013 /PRNewswire/ --
Markets finished their tumultuous trading week by posting gains in the Friday's trading session. However, marginal increase in jobless claims put additional strain on the stocks. The financial sector followed the market lead and its major constituents showed good growth. Companies like Valley National Bancorp (NYSE: VLY) and The Bank of Nova Scotia (NYSE: BNS) showed gains but remained in the neutral zone. Other stocks such as The Blackstone Group LP (NYSE: BX), Apollo Investment Corp (NASDAQ: AINV), Royal Bank of Scotland Group plc (NYSE: RBS) showed promising returns. StockCall professionals have completed their technical analysis on BX, AINV, VLY, RBS, and BNS and these free reports are accessible by registering at
http://www.stockcall.com/research
The Blackstone Group LP ended its latest trading session at $20.04, up 0.30 percent from its previous close. With its latest upward movement, the stock is now up 31.41 percent on a YTD basis, while its 52 weeks gain stands at 43.66 percent. The stock oscillated in the range of $19.80 and $20.50 during Friday's session. It traded 4.77 million shares and shows a mild bullish trend. The stock may touch $20.52 in the coming trading sessions. Upon breaching this level, its next resistance level is at $22.43. Sign up for the free technical research on BX at
http://www.StockCall.com/BX042213.pdf
Apollo Investment Corp gained substantially with below average volume to end its latest session at $8.30. The stock ended 1.84 percent higher than its previous close. Its volume for the day stood at 984,472 million shares. The stock is currently trading in-line with its 20-day SMA of $8.30 but higher than 50-day SMA of $8.28, showing a bullish trend. Its first resistance level is at $8.53 while it may tumble down to $8.23 before receiving any support. Apollo Investment's stock is up 0.24 percent on a YTD basis, while offering 9.64 percent dividend yield. Be sure to read our latest technical research on AINV by registering at
http://www.StockCall.com/AINV042213.pdf
Valley National Bancorp traded in the range of $9.63 and $9.78 in Friday's trading session and ended the day at $9.77, up 1.35 percent. The stock's 52 weeks range stands at $8.65 and $12.45. The company's stock has lost 19.39 percent of its value in the past 12 months, while it gained 6.66 percent on a YTD basis. It is in a neutral mode and may find its first resistance level at $9.98. It is trading below its 20-day moving average of $9.94. Sign up and read the complimentary report on VLY at
http://www.StockCall.com/VLY042213.pdf
Royal Bank of Scotland Group plc extended its 52 weeks gain to 11.5 percent by closing its previous trading session 2.16 percent higher. The stock closed at $8.53, with trading volume of 278,433 shares on Friday. It is down 18.06 percent on a YTD basis. Royal Bank of Scotland's stock is currently in a bullish mode and is expected to go up to $8.87 in the coming trading sessions. Its next resistance level is at $9.23. The free report on RBS can be downloaded by signing up now at
http://www.StockCall.com/RBS042213.pdf
The Bank of Nova Scotia gained marginally in its Friday's trading session. The stock closed 0.20 percent higher at $55.48 with volume of 505,176 shares, showing a neutral trend. The bank's stock has its first support level at $55.16. Upon breaching this level, its next support level is at $52.72. The company commands market capitalization of $66.02 billion. Free report on BNS can be accessed by registering at
http://www.StockCall.com/BNS042213.pdf
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