FNB Corp. (FNB), First National Bank of PA, is among four (4) financial sector and bank stocks that are set to break out in the short-term.
With financials showing relative strength, we’ll watch these candidates for potential trades. In addition, we will look for money center banks to follow through today, like JPMorgan Chase (JPM) showed yesterday.
Bank Stocks Ready to Break Out
Note the list of (4) financial, insurance, and bank stocks at the bottom of the chart.
S&T Bancorp (STBA) a bank holding company representing Northeast Banks in Pennsylvania, Carlyle Secured Lending (CGBD), and Kinsale Capital (KNSL), a property casualty insurance company all look ready to breakout.
Regional Bank Stocks
The SPDR S&P Regional Bank ETF (KRE) is showing these bank stocks are trending. The most recent pullbank or consolidation needs to be watched closely as these constituents continue making higher lows. We’re looking for KRE to bounce in the short-term.
Additional bank stocks, showing relative strength include, Ozark (OZK).
Bank of the Ozarks has built a cup and handle pattern and shows signs of breaking out. Ozark operates 240 offices in AR, GA, NC, TX, FL, AL, SC, CA and NY.
Southern States Bank (SSBK) is printing a flat base and showing signs of breaking higher, following three quarters of earnings beats. SSBK is a holding company for Southern States Bank operating via 15 offices in Alabama and Georgia.
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