Financial Stocks Plunging
The Financial Sector is the weakest area of today's market, currently down 2% on the session.
The weakest stocks currently in the S&P Financial Sector are:
1) Hartford Financial Services (NYSE: HIG): Shares of Hartford Financial Services are currently trading down 4.8% from yesterday's close to $23.79. The stock has broken below its $24 support level in today's session. The next support area comes into play at $22.08.
2) CB Richard Ellis Group (NYSE: CBG): Shares of CB Richard Ellis are currently trading down 4.7% from yesterday's close to $23.13. The stock is nearing its 200-day simple moving average (one year daily chart), which is currently at $22.67. After that, the next support level is at $21.45.
3) Metlife (NYSE: MET): Shares of Metlife are currently trading down 4.1% from yesterday's close to $39.56. The stock is looking to test its $37.33 support – a level dating back to November 29th.
4) Regions Financial (NYSE: RF): Shares of Regions Financial are currently trading down 3.2% from yesterday's close to $6.05. The stock's 50-day simple moving average is close to crossing below its 200-day simple moving average (one year daily chart), which is a bearish technical indicator known as the “Death Cross.”
5) Genworth Financial (NYSE: GNW): Shares of Genworth Financial are currently trading down 3.9% from yesterday's close to $9.94. The stock hit a 52-week low of $9.87 in today's session. The year-to-date performance of Genworth is a loss of 23.6%..
