Best of StockTwits Charts: Banks Taking Leadership Edition
- Posted by ppearlman
- on May 14th, 2013
The financials are arguably the most important sector. The view goes that the health of the banks relates most directly to the health of the economy in general.
Here’s a few studies from the StockTwits Charts Stream which highlights the goodness:
1. Citigroup ($C) gapped 4% higher on the first day of the trading year and has not looked back. It now trades up 25% YTD and crossed 50$ this afternoon for the first time since January 2011.
@rafitax captures today’s gap, flag and rip that represents such strength simply and clearly:
3. @traderstewie has been all over Bank of America ($BAC). He notes, “powerful move. Wants 14$,” and posted this chart capturing the inverted head and shoulders, the clean break out and today’s follow through also making two year highs:
5. Popular ($BPOP) is one regional in particular worthy of note. It has been going sideways for 3 months and looks about ready to break above the horizontal channel. Here’s @NextTrade1122′s $BPOP chart for your consideration:
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Phil is the interactive editor at Yahoo! Finance. Formerly, he was the executive editor at StockTwits. He is a partner at Social Leverage, LLC and makes early stage investments in web based companies. (More)