Replies to post #175 on South Financial Group Inc. (TSFG)

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South Financial Group Inc. Looks Bullish on Money Flow; TSFG
Monday, 28 June 2010 03:23
South Financial Group Inc. (TSFG) [Chart - Analysis - News] lost some ground during trading yesterday, but it appears there is some bullish pressure building up in the background. Looking at yesterday's money flows, $2.94 million poured into the stock. $3.15 million flowed into the stock on uptick trades while only $0.21 million flowed in on downtick trades---giving TSFG an up/down ratio of 1,506/100.












The question is, will TSFG continue falling or will increasing bullish sentiment help turn things around and start pushing the stock price higher? TSFG has gained 3.7% during the past month and is currently trading above its 20-day moving average but below its 50-day and 200-day moving averages.

Watching money flows can provide traders with a glimpse into investor sentiment. When money flows are positive---more money is flowing in on uptick trades than is on downtick trades---it shows traders are confident the stock price is going to continue rising. When money flows are negative---more money is flowing in on downtick trades than is on uptick trades---it shows traders are confident the stock price is going to continue falling.

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