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Non-Tech : Banks--- Betting on the recovery
WFC 86.050.0%3:59 PM EST
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To: Asymmetric who wrote (1131)9/20/2010 4:42:58 PM
From: tejek   of 1428
 
Bargains on Failed U.S. Banks Are Over

Bank stocks are starting to show some strength; to whit:

*SNV broke through its 50 DMA.

*JPM is above its 50 DMA.

*C is above its 50 DMA.

*HBAN is above its 50 DMA and is trying to break out.

*BAC and RF are right at their 50 DMA.

Those are just the banks I follow closely. I think money banks and the regionals are on their way.....and its just the community banks that are still struggling.

It helps that LEN posted a nice profit thiw quarter.
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