StockCall Pre-Market Review on Discover Financial, CapitalSource, SLM Corp., and CIT Group
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For best results when printing this announcement, please click on the link below: http://pdf.reuters.com/pdfnews/pdfnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130320:nPn3207738 LONDON, March 20, 2013 /PRNewswire/ -- Markets maintained their red streak and the major indices closed lower on Tuesday. International issues like Cyprus bailout put a dampener on market sentiments. The Feds are expected to make a positive decision about continuing stimulus efforts as Ben Bernanke expressed his faith in the efficacy of the plan. Our research team took a look at Financial sector, more specifically the Credit Services industry which include major companies like Discover Financial Services (NYSE: DFS), CapitalSource Inc. (NYSE: CSE), SLM Corp. (NASDAQ: SLM) and CIT Group Inc. (NYSE: CIT). StockCall analysts initiated preliminary technical research on DFS, CSE, SLM, and CIT. These free reports are accessible by signing today at http://www.stockcall.com/register Discover Financial Services traded in the range of $43.53 and $45.00 during Tuesday's trading session. It opened at $44.92 and closed at $44.2. The stock is currently in a bullish mode and it sees its first resistance level at $45. Upon breaching this level, Discover Financial may go as high as $45.36. It traded 8.25 million shares and is above its 20-day moving average price. Its first support level is at $43.58. So far in 2013, the stock is up 16.45 percent. The company is currently in the overbought territory as its RSI (14) stands at 76.96. The free technical analysis on DFS is available by signing up at http://www.StockCall.com/DFS032013.pdf In-line with the downward movement shown by broad market indices, CapitalSource Inc.'s stock finished 0.51 percent down at $9.70, with volume up from daily average of 2.531 million to 3.747 million yesterday. The company's stock is up so far in 2013 with its year-to-date gain at 29.68 percent. However, the stock currently shows a bullish trend which is further confirmed by the stock's MACD chart. CapitalSource has its first support level at $9.58. In the coming trading sessions, the stock is likely to go as high as $9.88. The stock traded in the range of $5.96 and $9.77 in the past 52 weeks and gained 40.17 percent during the same time period. Register now to download the free research on CSE at http://www.StockCall.com/CSE032013.pdf SLM Corp.'s stock declined sharply in its latest session. The stock closed 1.34 percent down at $19.86 with 2.97 million share volume on Tuesday. Despite the significant downward movement, the stock is still up more than 18 percent for the year. In the past 52 weeks, SLM is up 22.07 percent. The stock currently has support at $19.34 level. The stock's MACD chart shows a bullish trend. The credit services company may face its first resistance level at $20.29. Upon breaching this level, the stock may go as high as $20.55. The stock hit a new 52-week high of $20.25 during yesterday's session. Free report on SLM can be accessed by registering at http://www.StockCall.com/SLM032013.pdf Shares of CIT Group Inc. edged lower in Tuesday's session, tracking the movements in the broad market. The stock closed 0.21 percent lower at $43.58 on below average volume of 865,654 shares. The company's shares have gained more than 14 percent this year, outperforming the broad market. It has support at $42.83. Despite the downward movement, shares of CIT are still trading above their 20-day and 50-day moving averages. The stock's MACD is also trading above the signal line and the zero-line. Both of these are bullish signals. Register with StockCall and download the research on CIT for free at http://www.StockCall.com/CIT032013.pdf About StockCall.com StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at http://www.stockcall.com SOURCE StockCall.com Contact Person: William T. Knight, Email: firstname.lastname@example.org, Contact Number: +1(646)396-9857 (9:00 am EST - 01:30 pm EST)