NEW YORK ( TheStreet) -- I have been warning about the risk of reversion to the mean and in my first post today I showed how 11 components of the Dow Industrial Average have either held their 200-day simple moving averages on weakness, or are now trading below its 200-day SMA.In this post I show that only one of the 24 members of the regional banking index is below its 200-day SMA. Others have been declining towards these key levels as key supports after failing to hold their 50-day SMAs.
Four 'Too Big to Fail' Regional Banks Are Above 200-day SMA
Check Out Our Best Services for Investors
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.