Financial Sector Equities Under Review - ICICI Bank, SunTrust Banks, Comerica, and LendingTree
PR Newswire - Tue Jun 21, 6:55AM CDT
On Monday, June 20, 2016, the NASDAQ Composite ended the trading session at 4,837.21, up 0.77%; the Dow Jones Industrial Average advanced 0.73% to finish at 17,804.87; and the S&P 500 closed at 2,083.25, up 0.58%. The gains were broad based as all the sectors ended the session in positive. Stock-Callers.com has initiated coverage on the following equities: ICICI Bank Ltd (NYSE: IBN), SunTrust Banks Inc. (NYSE: STI), Comerica Inc. (NYSE: CMA), and LendingTree Inc. (NASDAQ: TREE). Learn more about these stocks by accessing their free trade alerts at:
IBN: 7.95 (+0.37), TREE: 96.15 (-0.22), STI: 42.67 (+0.80), CMA: 42.84 (+1.23)
Downgrade Alert for ICICI Bank (IBN)
Comtex SmarTrend(R) - Fri Jun 17, 3:10AM CDT
ICICI Bank (NYSE:IBN) was downgraded from Overweight to Neutral at JP Morgan today. The stock closed yesterday at $7.13 on volume of 14.0 million shares, above average daily volume of 11.3 million. ICICI Bank has overhead space with shares priced $7.13, or 49.1% below the average consensus analyst price target of $14.00. The stock should hit resistance at its 200-day moving average (MA) of $7.79, as well as support at its 50-day MA of $6.81.
IBN: 7.95 (+0.37)
Watch for ICICI Bank to Potentially Pullback After Gaining 5.91% Yesterday
Comtex SmarTrend(R) - Tue Jun 07, 3:11PM CDT
ICICI Bank (NYSE:IBN) traded in a range yesterday that spanned from a low of $7.54 to a high of $7.73. Yesterday, the shares gained 5.9%, which took the trading range above the 3-day high of $7.30 on volume of 6.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
IBN: 7.95 (+0.37)
SmarTrend Watching for Potential Pullback in Shares of ICICI Bank After 5.91% Gain
Comtex SmarTrend(R) - Tue Jun 07, 3:10PM CDT
ICICI Bank (NYSE:IBN) traded in a range yesterday that spanned from a low of $7.54 to a high of $7.73. Yesterday, the shares gained 5.9%, which took the trading range above the 3-day high of $7.30 on volume of 6.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
IBN: 7.95 (+0.37)
SmarTrend Watching for Potential Rebound in Shares of ICICI Bank After 1.81% Loss
Comtex SmarTrend(R) - Wed Jun 01, 3:13PM CDT
ICICI Bank (NYSE:IBN) traded in a range yesterday that spanned from a low of $6.98 to a high of $7.10. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $7.06 on volume of 4.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
IBN: 7.95 (+0.37)
Look for Shares of ICICI Bank to Potentially Pullback after Yesterday's 1.13% Rise
Comtex SmarTrend(R) - Fri May 27, 1:51PM CDT
ICICI Bank (NYSE:IBN) traded in a range yesterday that spanned from a low of $7.14 to a high of $7.23. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $7.22 on volume of 3.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
IBN: 7.95 (+0.37)
SmarTrend Watching for Potential Pullback in Shares of ICICI Bank After 1.13% Gain
Comtex SmarTrend(R) - Fri May 27, 1:49PM CDT
ICICI Bank (NYSE:IBN) traded in a range yesterday that spanned from a low of $7.14 to a high of $7.23. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $7.22 on volume of 3.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
IBN: 7.95 (+0.37)
ICICI Bank Set to Possibly Rebound After Yesterday's Selloff of 3.83%
Comtex SmarTrend(R) - Mon May 02, 3:31PM CDT
ICICI Bank (NYSE:IBN) traded in a range yesterday that spanned from a low of $6.76 to a high of $6.88. Yesterday, the shares fell 3.8%, which took the trading range below the 3-day low of $7.02 on volume of 6.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
IBN: 7.95 (+0.37)
ICICI Bank (IBN) Down 4% as Provisions Hit Q4 Earnings
Zacks Equity Research - Zacks Investment Research - Mon May 02, 6:16AM CDT
ICICI Bank (IBN) was down nearly 4% on NYSE following the release of fourth-quarter fiscal 2016 results due to concerns over weak global economic environment that led the company to undertake 'prudent measure' to account for future increase in delinquencies.
IBN: 7.95 (+0.37), HDB: 67.80 (-0.23), HSBC: 31.54 (+0.46), DB: 14.10 (+0.80)
24.9% Return Seen to Date on SmarTrend ICICI Bank Call (IBN)
Comtex SmarTrend(R) - Tue Apr 26, 12:44AM CDT
SmarTrend identified an Uptrend for ICICI Bank (NYSE:IBN) on March 1st, 2016 at $6.08. In approximately 2 months, ICICI Bank has returned 24.94% as of today's recent price of $7.59.
IBN: 7.95 (+0.37)
HDFC Bank (HDB) Earnings Up Y/Y in Q4, Stock Rises 1%
Zacks Equity Research - Zacks Investment Research - Mon Apr 25, 8:08AM CDT
ADRs of HDFC Bank Ltd. (HDB) were up nearly 1% following the release of its fourth-quarter fiscal 2016 (ended Mar 31). Net profit was INR33.74 billion ($0.50 billion), up 20.2% year over year.
BCS: 7.95 (+0.28), IBN: 7.95 (+0.37), HDB: 67.80 (-0.23), HSBC: 31.54 (+0.46)
Upgrade Alert for ICICI Bank (IBN)
Comtex SmarTrend(R) - Fri Apr 22, 3:18AM CDT
ICICI Bank (NYSE:IBN) was upgraded from Neutral to Outperform at Credit Suisse today. The stock closed yesterday at $7.85 on volume of 23.7 million shares, above average daily volume of 9.3 million. Over the past year, ICICI Bank has traded in a range of $5.15 to $11.08 and closed yesterday at $7.85, 52% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 1.8%.
IBN: 7.95 (+0.37)
SmarTrend Watching for Potential Pullback in Shares of ICICI Bank After 6.45% Gain
Comtex SmarTrend(R) - Thu Apr 21, 2:54PM CDT
ICICI Bank (NYSE:IBN) traded in a range yesterday that spanned from a low of $7.60 to a high of $7.87. Yesterday, the shares gained 6.5%, which took the trading range above the 3-day high of $7.40 on volume of 10.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
IBN: 7.95 (+0.37)
ICICI Bank Set to Possibly Pullback After Yesterday's Rally of 6.45%
Comtex SmarTrend(R) - Thu Apr 21, 2:53PM CDT
ICICI Bank (NYSE:IBN) traded in a range yesterday that spanned from a low of $7.60 to a high of $7.87. Yesterday, the shares gained 6.5%, which took the trading range above the 3-day high of $7.40 on volume of 10.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
IBN: 7.95 (+0.37)
ICICI Bank Has Returned 20.3% Since SmarTrend Recommendation (IBN)
Comtex SmarTrend(R) - Mon Apr 18, 1:57PM CDT
SmarTrend identified an Uptrend for ICICI Bank (NYSE:IBN) on March 1st, 2016 at $6.08. In approximately 2 months, ICICI Bank has returned 20.33% as of today's recent price of $7.31.
IBN: 7.95 (+0.37)
ICICI Bank Rises 1.50% on Heavy Volume: Watch For Potential Pullback
Comtex SmarTrend(R) - Fri Apr 15, 2:32PM CDT
ICICI Bank (NYSE:IBN) traded in a range yesterday that spanned from a low of $7.37 to a high of $7.49. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $7.45 on volume of 2.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
IBN: 7.95 (+0.37)
ICICI Bank Set to Possibly Pullback After Yesterday's Rally of 1.50%
Comtex SmarTrend(R) - Fri Apr 15, 2:30PM CDT
ICICI Bank (NYSE:IBN) traded in a range yesterday that spanned from a low of $7.37 to a high of $7.49. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $7.45 on volume of 2.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
IBN: 7.95 (+0.37)