Thursday, January 19, 2012

Bank Sector Scan; 3 Stocks Under $10 Traders Are Banking

Governor And Company Of The Bank Of Ireland ( NYSE:IRE ) provides banking and
other financial services to small and medium-sized commercial and industrial
companies in Ireland and internationally. Blue sky ahead for IRE with the 20
Moving Average crossing the 50 Moving Average below the price action. Bank Of
America Corp. ( NYSE:BAC ) provides banking and financial services to
individuals, small- and middle-market businesses, corporations, and governments
primarily in the United States and internationally. Hard to argue with Warren
Buffett and it looks like hell get the last laugh once again! National Bank Of
Greece Sa ( NYSE:NBG ) provides diversified financial services primarily in
Greece. 20 Moving Average, check! 50 Moving Average, check! After some
consolidation, $3 here we come? Lloyds Banking Group Plc ( NYSE:LYG ) provides
various banking and financial services to personal and corporate customers
primarily in the United Kingdom. Sure looks like $2.50 is on its way. Probably
needs to shake out around $1.90 and consolidate but sure looks like a good chart
to me. Tennessee Commerce Bancorp Inc ( NASDAQ:TNCC ) operates as the bank
holding company for Tennessee Commerce Bank that offers various retail and
commercial banking services to small to medium-sized businesses, entrepreneurs,
and professionals in the Nashville metropolitan statistical area, Tennessee.
This was on my other scan too and if it holds $.30 Im watching close. Otherwise
support is at $.20 and a safer entry. Gap recovery would make for a big score.

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