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Monday, September 5, 2011

Top Bank Stocks: Bank of America Corporation (BAC), Goldman Sachs Group Inc. (GS) & Citi group Inc (C)

Below the three stocks to watch for Tuesday's trading. Bank of America Corporation (BAC), Goldman Sachs Group Inc. (GS) & Citi group Inc (C).I will keep watching for all 3 stocks next trading day.

Bank of America Corporation (BAC) - Bank of America Corp (BAC) is closed near $7 on Friday and stock has support area is $6.BAC will now have resistance at $8.80. Bank of America is new support area is $6 but this is low risk bank stock.This is my one top pick for 2011. 

Goldman Sachs Group Inc. (GS)-Shares of Goldman Sachs Group (GS) are under $110 need to hold $100 area.Goldman Sachs does not have any major resistance $120-$125. Goldman Sachs is now a strong buy below $100.

Citi group Inc (C) - Share of Citigroup is trading under all  moving average  and stock is need to hold $26 level for going forward.Share of Citigroup Inc.(C) is next real resistance area is $31.97 which is last high.Citigroup has next big resistance will be over $36. If C  has next support level near $26 which is good buying opportunity  for long term. I think time to buy long term  buy here because there is some bounce stock can go $33-$34 area. 

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