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  • Citigroup Inc., Bank of America corp., Bank of Ireland, Apple Inc. Stock Report Monday

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    Monday Nov. 29, 2010 at 10:35 am EST
     
    Financials Stocks in Focus  
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    Shares of Citigroup Inc.(NYSE:C) are mostly stable trading at $4.14 on Monday at support level of $4.12. The resistance levels above are $4.25 & $4.47. The support levels below are at $3.95, $3.83 and $3.7. Citi today announced that it has won a mandate to provide third-party securities lending services for Global X Funds’ family of exchange traded funds.

    Shares of Bank of America Corp. (NYSE:BAC) are trading today at around $11.17. The resistance levels above are $11.82, $12.46, $13.3 and $13.68. There are no major support levels for BAC below Friday's closing price. This morning BofA Merrill Lynch Global Research introduced the Global Financial Stress Index (GFSI), a comprehensive, cross-market gauge of risk, hedging demand and investment flows. The index is designed to help investors identify market risks earlier and more accurately than commonly used risk indicators, such as the VIX index.

    Shares of Apple Inc. (NASDAQ:AAPL) is trading almost unchanged at $315.98 at support level of $317. As this is almost all time high of Apple Inc., there are no Major resistance levels above. Support points below this level are at $303.9, $288.7, $268.5. Apple stock may gain after if Apple announces better sales this holidays.
    Shares of Bank of Ireland(NYSE:IRE) gained 17% on Monday after dropping to its 52 wk low on Friday on concerns over Ireland economy. IRE Shares are trading at $1.68. Resistance points above are at $2.23, $2.95, $3.31, $3.65, $4.22 and $4.59. The Irish bailout news gave some hope to the bank and helped it come back from the lows.
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