3 Popular Stock on the MOve

Today I used Barchart to review the momentum of 3 very widely followed stocks and found good upward momentum in Bank of America (BAC), CitiGroup (C) and Cisco Systems (CSCO).

Bank of America (BAC)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 12.92% in the last month
• Relative Strength Index 69.61%
• Barchart computes a technical support level at 8.29
• Recently traded at 8.74 with a 50 day moving average of 7.76

CitiGroup (C)

Barchart technical indicators:

• 88% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 12.94% in the last month
• Relative Strength Index 74.40%
• Barchart computes a technical support level at 31.24
• Recently traded at 32.59 with a 50 day moving average of 28.21

Cisco Systems (CSCO)

Barchart technical indicators:

• 64% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 6 new highs and up 9.42% in the last month
• Relative Strength Index 60.28%
• Barchart computes a technical support level at 18.87
• Recently traded at 19.19 with a 50 day moving average of 17.45