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Raymond James Financial Shares Climbing Higher, Up 2.1%

Published on Tue, 03/05/2013 - 13:28
By Mallory Stone

Raymond James Financial (NYSE:RJF) is one of today's biggest movers, up 2.1% to $44.59. The S&P is trading higher by 1.0% to 1,541 and the Dow is trading 1.0% higher to 14,269.

Raymond James Financial, Inc. provides financial services to individuals, corporations, and municipalities through its subsidiary investment firms. The Company operates throughout the United States, Canada and overseas.

Raymond James Financial (NYSE:RJF) has potential upside of 9.6% based on a current price of $44.59 and analysts' consensus price target of $48.88. Raymond James Financial shares have support at the 50-day moving average (MA) of $42.81 and additional support at the 200-day MA of $37.43.

In the past 52 weeks, shares of Raymond James Financial have traded between a low of $30.99 and a high of $46.36 and are now at $44.59, which is 44% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

By Mallory Stone
mstone@fnno.com