Today is a great day for the bulls in every major sector besides the Basic Materials sector, which is the only sector in slightly negative territory on the day as we head into the last half hour of trade. While I could pick any of the other 10 major sectors in the green today, I’d like to focus on the Financial Sector.
OTC Standout:
SC Holdings Corp (OTC-PNK:SCNG) found great success following Friday’s close, as the stock has rebounded Monday, pushing the stock passed its 10-day SMA to $.029/share (+13.2%). This bullish move comes after the stock closed down near its 100-day SMA on Friday, thus providing a nice entry point for those waiting for that pullback.
The New York-based company (which also dba Strattner Financial Group Corp.) is a diversified investment services firm that manages a broad spectrum of alternative asset classes including equity, convertibles, credit and commercial interests. This small cap company is among a pretty large basket of financial companies that have found success on a very bullish trading day for the overall market, pushing the sector up +1.25% on the day.
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