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19 Jan

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

by

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 he’ll 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 it’s 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 I’m watching close. Otherwise support is at $.20 and a safer entry. Gap recovery would make for a big score.

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