KB Financial Group (KB)
This company provides credit & related financial services to individuals & small & medium-sized enterprises. This stock is trading up 2.1% at $33.24 in recent trading.
Today's Volume: 278,000
Average Volume: 122,145Volume % Change: 271% From a technical perspective, KB is trending higher here right off some near-term support at $32.50 with above-average volume. This move is quickly pushing KB within range of triggering a near-term breakout trade. That trade will hit once KB manages to clear some near-term overhead resistance at $34.56 with high volume. That move would also push KB back above both its 50-day at $33.72 and its 200-day at $33.91. Traders should now look for long-biased trades in KB as long as it's trending above $32.50, and then once it sustains a move or close above those breakout levels with volume that hits near or above 122,145 shares. If that breakout hits soon, then KB will set up to re-test or possibly take out its next major overhead resistance levels $35.55 to $35.99. Any move above those levels will then give KB a chance to re-fill a previous gap down zone that started near $36.50. Citigroup (C) This is a global financial services holding company provides a range of financial products and services, including consumer banking, credit cards, corporate and investment banking, securities brokerage and wealth management. This stock is trading up 6.2% at $36.45 in recent trading. Today's Volume: 48.62 million Average Volume: 39.83 million Volume % Change: 110% Shares of C are soaring today after the company said it plans to cut 4% of its global staff or about 11,000 jobs in an effort to save as much as $1.1 billion a year. From a technical perspective, C is exploding higher here back above its 50-day moving average of $35.63 with massive upside volume. This move is quickly pushing C within range of triggering a near-term breakout trade. That trade will hit once C manages to clear some near-term overhead resistance levels at $36.42 to $37 with high volume.
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