New York, NY -- (SBWIRE) -- 01/09/2013 -- Lloyds Banking Group Plc (ADR) (NYSE: LYG), a provider of banking and financial services to personal and corporate customers mainly in the U.K., is up sharply in mid-day trading today, extending its gains for the week.
LYG has been gaining momentum this week after the Basel Committee on Banking Supervision relaxed several tough liquidity requirements and postponed several new banking regulations by an additional four years. This came as a huge relief to European banks, including LYG.
At last check, LYG was trading 3.15% higher at $3.43 on volume of 4 million, which is nearly two times the daily average volume of 2.01 million. LYG has gained more than 5.5% this week.
Find out more about LYG by getting the free full report here: http://www.wallstreetreport.net/market-scan/?symbol=LYG
Rite Aid Corporation (NYSE: RAD), a retail drugstore chain in the U.S., is up sharply in mid-day trading today, reversing some of the losses from Monday. RAD had fallen more than 5% on Monday. However, RAD recovered on Tuesday, gaining more than 3%. In today’s trading, RAD is up 2.26% to $1.36 on volume of 7.81 million, which is a little over a half of the daily average volume of 13.75 million.
RAD currently faces resistance at around $1.40. If the stock breaks through this level then the next resistance level will be at $1.45.
Last week, RAD had reported 2.2% decrease in same-store sales for the month of December.
Find out more about RAD by getting the free full report here: http://www.wallstreetreport.net/market-scan/?symbol=RAD
WallStreetReport.net issues momentum alerts on stocks that can provide gains to day traders. WallStreetReport.net provides members with timely information and exclusive alerts on cheap and under-valued stocks in the United States with the potential to deliver gains of 100% - 200% or more. WallStreetReport.net monitors and scans the markets for stock related signals as well as any external factors that might bring trading opportunities. Through a vast network of IR professionals WallStreetReport.net is often in the know of several large investor awareness campaigns being deployed.
Timing is everything when trading Penny Stocks. Gain an Edge by joining the WallStreetReport.net newsletter and receiving alerts from a Pro-Active team of researchers. Wall Street Report believes traders should have a chance at successfully trading Penny Stocks and invites traders and investors to be part of the Free VIP membership.
Simply sign up for free and start receiving exclusive alerts.
Subscribe Here: http://www.WallStreetReport.net
Disclosure: WallStreetReport.net is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit WallStreetreport.Net website, for complete risks and disclosures.
BlueLys, its employees, officers, directors, shareholders and affiliates, hold no positions in the above-mentioned stocks.
WALL STREET REPORT