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Downgrade Alert for Capital One Financial (COF)

By Amy Schwartz

Capital One Financial (NYSE:COF) was downgraded from Buy to Hold at Rafferty Capital today. The stock closed yesterday at $67.34 on volume of 4.4 million shares, above average daily volume of 2.9 million.

Capital One Financial Corporation is a diversified bank. The Bank, through its subsidiaries, offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients both domestically and internationally. Capital One has bank locations in Connecticut, Louisiana, New Jersey, New York, and Texas.

In the past 52 weeks, shares of Capital One Financial have traded between a low of $58.03 and a high of $92.10 and closed yesterday at $67.34, which is 16% above that low price. The 200-day and 50-day moving averages have moved 0.55% lower and 0.56% higher over the past week, respectively.

Potential upside of 36.7% exists for Capital One Financial, based on a current level of $67.34 and analysts' average consensus price target of $92.07. The stock should find initial resistance at its 50-day moving average (MA) of $70.29 and further resistance at its 200-day MA of $73.07.

SmarTrend is monitoring the recent change of momentum in Capital One Financial. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Capital One Financial in search of a potential trend change.

Keywords: analyst upgrades/downgrades capital one financial

Ticker(s): COF