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Upgrade Alert for Capital One Financial (COF)

By Amy Schwartz

Capital One Financial (NYSE:COF) was upgraded from Sell to Neutral at Guggenheim today. The stock closed yesterday at $69.60 on volume of 2.5 million shares, below average daily volume of 2.9 million.

Capital One Financial share prices have moved between a 52-week high of $92.10 and a 52-week low of $58.49 and closed yesterday at 19% above that low price at $69.60 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.6%.

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.

There is potential upside of 32.3% for shares of Capital One Financial based on a current price of $69.60 and an average consensus analyst 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