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Momentum Indicators for Banking Equities -- Research on First Niagara Financial, Valley National Bancorp, Susquehanna Bancshares, and Umpqua Holdings

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LONDON, April 9, 2014 /PRNewswire/ --

On Tuesday, April 08, 2014, the NASDAQ Composite ended at 4,112.99, up 0.81%, the Dow Jones Industrial Average finished 0.06% higher at 16,256.14, and the S&P 500 closed at 1,851.96, up 0.38%. During the session, positive momentum was observed in Utilities, Consumer Discretionary, and Energy sectors, while the Health Care, Telecommunication Services, and Industrials sectors exerted a drag. The S&P 500 Financials Sector Index advanced 0.13% to finish the day at 294.69, while the same has fallen by 2.05% in last one month. Investor-Edge has initiated coverage on the following equities: First Niagara Financial Group Inc. (NASDAQ: FNFG), Valley National Bancorp (NYSE: VLY), Susquehanna Bancshares Inc. (NASDAQ: SUSQ) and Umpqua Holdings Corp. (NASDAQ: UMPQ). Free technical research on FNFG, VLY, SUSQ and UMPQ can be downloaded upon signing up at:


Shares in First Niagara Financial Group Inc. reported a trading volume of 4.79 million shares, as compared with its three months average volume of 4.69 million shares. The stock ended the day at $9.38, up 0.97% and at an intraday range of $9.25 and $9.42. The company's shares traded at a PE ratio of 12.34. First Niagara Financial Group Inc.'s shares have advanced 0.75% in the last month, while the stock has fallen by 1.37% in the previous three trading sessions and 11.68% on YTD basis. The stock is trading above its 50-day moving average. First Niagara Financial Group Inc.'s 200-day moving average of $10.16 is above its 50-day moving average of $8.97. Furthermore, the stock has a Relative Strength Index (RSI) of 51.00. Sign up today to read free research on FNFG at:


On Tuesday, shares in Valley National Bancorp. edged 0.19% lower to close the day at $10.53. The stock recorded a trading volume of 3.14 million shares as compared with its three months average volume of 1.34 million shares. The stock oscillated between $10.45 and $10.71 during the trading session. The company's shares traded at a PE ratio of 16.84. Valley National Bancorp.'s shares have gained 1.25% in the last one month and 4.05% on YTD basis, while the same has edged lower by 0.19% in the previous three trading sessions. The stock is trading above its 50-day and 200-day moving averages of $10.06 and $10.04, respectively. Additionally, the stock has an RSI of 59.52. Sign up today to read free research on VLY at:


Susquehanna Bancshares Inc.'s shares finished the session 0.09% lower at $11.38. A total of 1.18 million shares were traded, which is below its three months average volume of 1.57 million shares. The stock fluctuated between $11.28 and $11.49 during the session. The company's shares traded at a PE ratio of 12.17. Susquehanna Bancshares Inc.'s stock has fallen by 2.40% in the previous three trading sessions and 11.37% on YTD basis, while the same has advanced 1.88% in the last one month. The stock is trading above its 50-day moving average. Susquehanna Bancshares Inc.'s 200-day moving average of $12.32 is above its 50-day moving average of $10.98. Further, the stock has an RSI of 54.88. Sign up today to read free research on SUSQ at:


Umpqua Holdings Corp.'s stock recorded a trading volume of 0.89 million shares, as compared with its three months average volume of 1.12 million shares. The stock ended the day at $18.40, down 0.43%, after vacillating between $18.28 and $18.70. Shares of the company traded at a PE ratio of 19.92. Umpqua Holdings Corp.'s shares have declined 3.92% in the previous three trading sessions, 2.08% in the last one month and 3.87% on YTD basis. The company's stock is trading above its 50-day and 200-day moving averages of $18.00 and $17.33, respectively. Additionally, shares of the company have an RSI of 49.25. Sign up today to read free research on UMPQ at:



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