I would like to buy some american bank shares. Could anyone suggest which ones I should look at
Best Answer
4085 points
EthanR answered 7 months ago …
Ron, if you go to www.stockcharts.com, on the left hand side there is a link for "Perfcharts". Click on it. This is a way you can compare multiple stock symbols to see which ones are doing the best over any period of time from 200 days or fewer. I suggest that you run the charts for BAC, C, WB, and several others, and see which ones are the strongest performers over the last 200, 90, 60, and 30 days. Buy the ones (hopefully on a pull back) that have the best relative strength, meaning they have outperformed their peers.
Another suggestion is to buy KRE, which is the exchange traded fund of regional banks. That way you will get some diversification and lower your risk. You might try putting KRE up against the individual bank stocks on stockcharts to see who has performed the best. Good luck!
Answers
122 points
userjam5987 answered 7 months ago …
Ron if you want to buy this wait till a pull back at 7.00. That is the swing point from the 21st. If we hit that and the volume is less than 868m then buy. If it's more than this baby is heading to the mid 4's. I shorted this a few days ago and will be waiting for the 7.00 price for direction. This is the Tom Obrien way of trading and he is very good.
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userjam5987 answered 7 months ago …
Sorry ron, I thought you wanted to buy Bank of america. I miss read your post that was "banks in america". So my last post was for BAC. Like Ethan said there all going to pull back, then buy, but don't hold for to long. I believe after we finish this ABC up we are heading lower.
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