StockCall Pre-Market Review on Discover Financial, CapitalSource, SLM Corp., and CIT Group

Wed Mar 20, 2013 8:17am EDT

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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

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

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

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

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

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