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  • Citigroup Inc., Bank of America corp., Bank of Ireland, Apple Inc. - Stocks to Watch

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    Friday Dec. 10, 2010 at 09:12 am EST
     
    Financials Stocks in Focus  
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    Shares of Citigroup Inc.(NYSE:C) are looking for direction before the jobless data. Shares of Citigroup Inc. (NYSE:C) closed at $4.69 on Thursday near resistance levels of $4.61. There are not any resistance levels above for Citigroup Inc. (NYSE:C). The support levels for Citigroup Inc. below yesterday's close are at $4.39, $4.22, $4.09, $3.95, $3.83 and $3.7. Citigroup Inc. (NYSE:C) also announced on Thursday that its Prime Finance division has launched its Business Advisory Practice, combining hedge fund industry research and thought leadership with comprehensive consulting services.

    Shares of Bank of America Corp. (NYSE:BAC) gained a decent 5% on Thursday and closed at $12.65 above support level of $12.47. The resistance levels above are $13.3, $13.68, $14.06 and $15.27. Major support levels for Bank of America Corp. (NYSE:BAC) below Thursday's closing price are at $11.94, $11.45 and $11.14. Bank of America Corp. (NYSE:C) yesterday announced Expansion of Execution consulting services to include OMS/EMS vendor consulting.

    Shares of Apple Inc. (NASDAQ:AAPL)  are trading almost unchanged at $319.76 at support level of $319. As this is almost all time high of Apple Inc., there are no Major resistance levels above. Support points below this level are at $309.5, $302.5, $288.7 and $268.5. Apple stock may gain after if Apple announces better sales this holidays. Apple and Costco ended their relationship yesterday. Apple usually does not allows its products to be sold at discounted prices and also desires shiny placement of their products. Whilw Costco’s big advantage is all about discounting. So if the company was not able to sell Apple’s products at huge discounts, it probably didn’t make much sense for Costco either.
    Shares of Bank of Ireland(NYSE:IRE) are on the roll. Bank of Ireland (NYSE:IRE) shares have more than doubled in 2 weeks. Bank of Ireland shares gained 7% on Thursday closing at $3.04. Resistance points above are at $3.46, $3.87, $4.47, $4.99 and $8.27. Major support levels below are at $2.28 and $1.76.
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