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  • Financial Stocks with Huge Upside Potential || 09/08/2011 | BAC | C | PMI |

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    Thursday Sept. 8, 2011 at 10:54 am EST

    Financials with Huge Potential - BAC, PMI, C

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    BAC - Bank of America Corp. (NYSE:BAC)
    Bank of America Corp. (NYSE:BAC) still is leading with the highest no. of shares being traded everyday. It is now down 44% YTD. Shares of Bank of America are currently trading at $7.48 gaining 7% on Wednesday. Major Resistance levels for Bank of America Corp. (NYSE:BAC) above current price are at $8.23, $9.58, $10.23, $10.67, $11.16 and $11.84. Only Major support level for Bank of America Corp.(NYSE:BAC) below current price is at $7.24.
    PMI - The PMI Group, Inc. (NYSE:PMI)
    Shares of The PMI Group, Inc. (NYSE:PMI) are down 92% YTD. Shares of rival MGIC Investment Corp. (NYSE:MTG) which has also lost more than 70% YTD gained 25% on Wednesday as there was an increase in the amount of new insurance written by the company. PMI Group Inc. (NYSE:PMI) may be the next one. Major resistance levels for PMI Group (NYSE:PMI) on the way up are at $0.33, $0.39, $1.04, $1.19 and $1.37. Only Major support level for PMI Group below current price is at $0.25.

    C - Citigroup Inc. (NYSE:C)
    Even though Shares of Citigroup Inc. (NYSE:C) are being considered safer when compared to Bank of America Corp. (NYSE:BAC), they have dropped 38% YTD. A sign of improving economy can lift these stocks to their 52 week high again. As per Wednesday's close, Major resistance levels on the way up for Citigroup Inc.(NYSE:C) are at $30.07, $31.09, $37.65, $39.15, $40.16, $42.37 and $44.58. There is no support level for Citigroup Inc. below Yesterday's close.

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