Monday, February 2, 2009

Watch List: Canadian Banks

Canadian bank stocks haven't seen as much abuse in the market as their US counter parts, and it might be time to start thinking about buy prices (within a months time).
  • Royal Bank hit a 5 year low last week.
  • BMO broke through their 30 day moving average last week (Buy Signal).
  • TD looks to still be in decline.
I currently hold a position in BNS and will limit that as my exposure to Canadian Banks.

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