Trading Opportunities For KeyCorp, Expeditors And Capital One
Markus Gabel | Oct 25, 2016 09:00AM ET
Key Corp:
KeyCorp (NYSE:KEY) is among the leading bank-based financial service providers in the USA. The subsidiaries of the holding company offer numerous services to private and corporate customers as well as institutions in 14 states. What is more, the group seems to be getting back into its groove, as the chart below clearly shows.
In the daily chart, there is an intact uptrend in the small trend, which is currently already clearly in the movement, i.e. above the last point two. This could definitely attract further buyers, but an imminent correction is also possible. However, as long as the green correction zone remains intact, setbacks can be used for an entry.
Expeditors:
Expeditors International Washington (NASDAQ:EXPD) is an internationally active logistics company. The services provided include export, import, warehouse distribution, customs clearance, sea and air freight as well as additional services such as cargo insurances, order management or individually customized logistic information services. The company is not active in the areas of inland transport, overnight deliveries or in the transport of small packages.
Since the beginning of August of this year, the value has been able to stabilize itself at a pretty high level and form a temporary new high at $52.68. The correction zone of this intact trend runs between $50.58 and $48.49. Since as early as the beginning of October, this stock has been showing substantial weaknesses, and was traded beneath the green box today for the first time. However, this happened without a closing price, meaning that the trend still remained intact. If enough buyers gather, it would be a very good entry opportunity and a speculation on the continuation of the trend.
Capital One:
Capital One Financial (NYSE:COF) is a holding company and is among the largest credit companies in the USA. Based on the company’s own Information-Based Strategy (IBS), the group, along with its subsidiaries, offers its customers a multitude of financial products and services. In addition, the company is seen as a significant provider of Visa and MasterCard credit cards. Even if the chart is clearly colored red with a valid downtrend, the stock is showing clear recovery tendencies, especially after a double low was formed at approx. €58. However, one should not celebrate too early, for the red box still runs until $81.62, meaning that the downwards movement could still be picked up at any time.
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