StockCall.com Provides Stock Research on American Express Co., Knight Capital Group Inc., East West Bancorp Inc., and Protective Life Corp.
New York City, New York -- (April 30, 2013)
Equity markets kicked off the week on a strong note, with all three benchmark indexes posting significant gains on Monday. The S&P 500 closed at record high level, while the NASDAQ finished at its highest level since November 2000. Stocks are continuing to rally as investors pour money into risk assets. Yesterday’s rally was sparked by better-than-expected pending home sales data. The end of political uncertainty in Italy also lifted sentiment. The financial sector was among the major gainers in the S&P 500. Among the major movers in the sector were American Express Company (NYSE: AXP), Knight Capital Group Inc. (NYSE: KCG), East West Bancorp Inc. (NASDAQ: EWBC), and Protective Life Corp. (NYSE: PL).StockCall has posted free technical research reports on AXP, KCG, EWBC, and PL and these can be accessed by signing up at
Shares of American Express Company struggled in Monday’s trading session even as the broad market posted significant gains. The stock traded between $67.61 and $68.20 before finishing the day 0.18% lower at $67.73 on volume of 2.93 million. Despite the pullback, American Express’ shares are currently trading close to their 52-week high of $69.05. The stock has gained more than 18.40% so far in 2013 as compared to a gain of over 11.70% for the S&P 500. The company’s shares are also trading well above their 50-day and 200-day moving averages.Download the free report on AXP upon registration at
Shares of Knight Capital Group Inc. edged higher in trading yesterday. The stock rose to an intra-day high of $3.55 before finishing the day 0.57% higher at $3.51 on volume of 1.03 million. Knight Capital’s shares are currently trading more than 74% below their 52-week high. The stock is also trading below its 50-day and 200-day moving averages. Its MACD is below the signal line and the zero-line which is a strong bearish signal. Its shares currently have support at around $3.50.KCG technical report can be accessed for free by signing up at
Shares of East West Bancorp Inc. edged higher in trading on Monday. The stock touched an intra-day high of $24.21 before finishing the day 0.96% higher at $24.11 on volume of 476,900. East West’s shares have bounced back in the last few sessions after seeing a series of lows. The stock’s MACD chart suggests that market sentiment has once again turned bullish. This is confirmed by recent volume activity. Year-to-date, shares of EWBC have gained more than 13.60%, outperforming the S&P 500.The free report on EWBC can be downloaded by signing up now at
Shares of Protective Life Corp. rose sharply in Monday’s trading session, reversing most of its losses from previous sessions. The stock closed 1.44% higher at $37.98 on volume of 356,200. Protective Life’s shares are currently trading close to their 52-week high of $38.27. The stock has gained more than 33.60% so far in 2013, outperforming the S&P 500. The company’s shares have seen a series of highs since the start of this year which is a bullish signal. The positive trend is further confirmed by the stock’s MACD chart.Free report on PL can be accessed by registering at
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William T. Knight
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