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How to Trade These 5 Major Regional Banks Now

August 4, 2016

Via: TheStreet
Category:

Regional banks have mixed weekly charts, but can be traded using key technical levels and Fibonacci retracements on their daily charts.

BB&T (BBT) had a negative weekly chart before it reported earnings, but now its chart is positive but overbought. It remains in correction territory. M&T Bank (MTB) still has a negative weekly chart and remains in correction territory. PNC Financial(PNC)  has a positive weekly chart and rose from bear market territory into correction territory.

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