SOURCE: Wall Street Active

February 22, 2013 08:12 ET

KEY, STI and PNC - Pre-Market Briefing

Note to Editors: The Following Is an Investment Opinion Being Issued by the WSA Financial Ltd.

LONDON--(Marketwire - Feb 22, 2013) -  Stocks ended lower for a second consecutive day on Thursday as market sentiment was weighed down by weak Eurozone and U.S. economic data. Investors are also concerned about an early end to the Federal Reserve's bond buying program. The Dow Jones finished the day 0.34% lower at 13,880.62, the S&P 500 finished the day 0.63% lower at 1,502.42, and the NASDAQ finished the day 1.04% lower at 3,131.49. At the close, our research team took notice of following stocks in the Money Center Banks sector, KeyCorp (NYSE: KEY), SunTrust Banks Inc. (NYSE: STI) and PNC Financial Services Group Inc. (NYSE: PNC). Wall Street Active research team has completed free research on KEY, STI and PNC. As a leading provider of free in depth reports and timely market updates, we invite you to sign up now at

KeyCorp Shares End Marginally Lower

KeyCorp shares fell marginally in Thursday's trading session, ending the day 0.11% lower at $9.34 on above average volume of 15.92 million. The stock is currently trading close to its 52-week high of $9.64. The stock has outperformed the broad market so far this year, gaining nearly 11%. However, it has been struggling to break through $9.60 resistance level in the last two weeks. The stock's MACD is currently trading below its signal line, which is a bearish signal. The bearish trend is further confirmed by the recent volume activity. Yesterday, the stock also fell below $9.40 support level. The next support level is at $9.20. Sign up today and get useful insight about KEY for free at

SunTrust Banks Down for the Year

Shares of SunTrust Banks have fallen more than 3% this year. On Thursday, the stock closed 0.44% lower at $27.46 on volume of 5.21 million. SunTrust Bank's shares have seen a pullback after hitting $29.50 resistance level. The stock has fallen below some key technical levels as a result of the recent drop. Its shares are now approaching $27 support level. Free report on STI can be accessed by registering at

PNC Financial Services Shares Fall Sharply

Shares of PNC Financial fell sharply in Thursday's trading session. The stock closed 1.23% lower at $62.39 on above average volume of 4.96 million. PNC Financial shares have fallen more than 2.3% this week. Despite the recent pullback, the stock is still up 7% for the year, outperforming the S&P 500. However, market sentiment seems to have turned bearish on the stock, which is confirmed by the recent volume activity and the MACD chart. The stock's MACD recently moved below the signal line. PNC currently have support at around $62. Register with Wall Street Active and download the research on PNC for free at

Disclaimer: WSA Financial is not a registered investment advisor, and nothing in this release is intended as a solicitation to buy or sell any security. Our pro-traders only aim is to educate investors based on their experience, and to share their knowhow.

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