
3 Huge Financial Stocks to Trade on Big Volume: Must-See Charts
Put down the 10-K filings and the stock screeners. It's time to take a break from the traditional methods of generating investment ideas. Instead, let the crowd do it for you.
From hedge funds to individual investors, scores of market participants are turning to social media to figure out which stocks are worth watching. It's a concept that's known as "crowdsourcing," and it uses the masses to identify emerging trends in the market.
Crowdsourcing has long been a popular tool for the advertising industry, but it also makes a lot of sense as an investment tool. After all, the market is completely driven by the supply and demand, so it can be valuable to see what names are trending among the crowd.
While some fund managers are already trying to leverage social media resources like Twitter to find algorithmic trading opportunities, for most investors, crowdsourcing works best as a starting point for investors who want a starting point in their analysis.
Today, we'll leverage the power of the crowd to take a look at some of the most active stocks on the market.
Visa
- Nearest Resistance: $78
- Nearest Support: $68
- Catalyst: Visa Europe Acquisition
Shares of payments giant Visa (V) - Get Report are down 2.4% this afternoon, trading on big volume following the announcement that Visa was acquiring Visa Europe in a $23.4 billion deal that will reunite the separate businesses after eight years apart. Visa Europe broke apart ahead of Visa's IPO in the U.S., and the company will dramatically diversify its revenue base as part of the deal.
From a technical viewpoint, it's best to heed traders' message with Visa's price reaction today and steer clear. While this stock remains in a well-defined uptrend, shares are near the top of their price channel and retracing off of resistance this week. Wait for a correction back down to the bottom of the channel before jumping into this one.5 Scary Stocks to Sell Before It's Too Late
Bank of America
- Nearest Resistance: $17.25
- Nearest Support: $16.40
- Catalyst: Technical Setup
Bank of America (BAC) - Get Report is starting the week off on a high note this afternoon, bouncing 1.4% Monday in its first positive session since the middle of last week, when surprise analyst upgrades and the Fed'srate decision sent shares more than 5% higher.
BofA has been in "breakout mode" since mid-October, when shares finally managed to catch a bid above resistance at $16.40. From here, look for a move higher to re-test July's highs in the $18.25 range.
For another take on Bank of America, check out "Bank of America's Momentum Will Carry It Even Higher."
National Bank of Greece
- Nearest Resistance: $1
- Nearest Support: $0.75
- Catalyst: Debt Swap
Perennial high-volume banking stock National Bank of Greece (NBG) is seeing some upside volatility this afternoon, up 8.6% following news of a debt swap plan. Stress tests revealed a capital shortfall at National Bank of Greece, which the bank intends to cover by swapping bonds for shares. Investors appear relieved at the solution based on today's price action.
NBG is still a very volatile stock, but shares do look "bottomy" at this point, particularly after breaking out through resistance at 75 cents per share. Since then, NBG has been consolidating sideways above its breakout level, churning as buying pressure builds.
For traders who aren't risk-averse, now looks like a good time to build a starter position in this Greek financial stock. Just be aware that headline risks aren't wrung out of NBG yet.
Disclosure: This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.











