LiveTrades Sector Update – Regional Banks $FITB $ZION $OSBC

Home » Trader & Analyst Interviews » LiveTrades Sector Update – Regional Banks $FITB $ZION $OSBC

In this episode of LiveTrades.TV Sector Update we take a look at Regional Banks including $FITB $ZION and $OSBC.

LiveTrades featured traders, Anthony Verdone and CJ Agresta discuss their thoughts on the where this sector may be headed.

To follow Anthony’s trades and charts please visit his profile on www.stocktwits.com under @WeeklyTrade.

To follow CJ’s trades and charts please visit his profile on www.stocktwits.com under @trusttheprocesstrading

US Regional Banks- Morningstar’s Regional Bank Index shows a 15% gain since bouncing off the bottom of a nine-month basing pattern on September 8th. The index cleared major resistance near the 1920.00 level this past Wednesday and quickly ran into the next area of resistance Friday near 1985.00, which marks the all-time high. Interestingly, this chart is nearly identical to the Russell 2000 chart, IWM, which broke out decisively to all-time highs this week. A sign of things to come for the sector? Read more of CJ’s report – click here.

Forward Looking Statements

This LIVETRADES.TV video interview contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include failure to meet schedule or performance requirements of the Company’s contracts, the Company’s ability to raise sufficient development and working capital, the Company’s liquidity position, the Company’s ability to obtain new contracts, the emergence of competitors with greater financial resources, and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur as planned or at all.

Contact LIVETRADES.TV

Mike Elliott
me@livetrades.tv

Disclaimer

Neither LIVETRADES.TV or any of its principals currently own or plan to own within 72 hours of publication any shares of the stocks mentioned in this video.

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Author: CJ Agresta

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