Sector Scan: Banks and Financials

HRB is the outlier here with continued bullish action

   

My Power Options system identifies the best candidates for option trading or short-term stock trading, and this week it’s showing continued strength in H&R Block (NYSE:HRB), though other financials are more bearish. These names are both volatile and liquid, two important characteristics of profitable options trading.

Use the following information to help you with your own options or short-term stock trading program.

Powerhouse

These are the strongest stocks under surveillance with my Power Stocks system.

  • H&R Block (NYSE:HRB)

Emerging

This stock has been in an upward trend for over a week, and displays good upside characteristics relative to other stocks.

  • Cincinnati Financial Corporation (NASDAQ:CINF)

Backing and Filling

These stocks have rallied way up from downtrends, but then dropped from those higher prices to “fill” lower price areas.

  • Citigroup (NYSE:C)
  • JPMorgan Chase (NYSE:JPM)

Quiet

This stock is in an upward trend, but is temporarily leveling or pulling back.

  • Tri-Continental Corporation (NYSE:TY)

Trending Down

These stocks are in upward trends that are temporarily leveling or pulling back. Most of the stocks in this category have the potential for a strong downtrend.

  • Bank of America (NYSE:BAC)
  •   American Express (NYSE:AXP)

InvestorPlace advisor Ken Trester is editor of the popular Maximum Options program. Trester has been trading options since the first exchanges opened in 1973 with a winning streak that goes back to 1984 with money-doubling average annual profits since 1990.  Try Maximum Options today for 2 months for only $99.


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