Cathay General Bancorp (CATY)

Cathay General Bancorp is trading at $64.40, down 1.45% on the session. The 50 day average sits at $61.41 and the 200 day at $57.16, which puts the stock in a uptrend. RSI is at 70.8, which reads as overbought, and MACD is bullish crossover. Volume is above average.

The nearest support is around $62.86 with resistance near $65.26, so that band frames the current range. Average daily movement is roughly $1.38, or about 2.1% of the share price, which is what any stop placement has to allow for. The overall health score of 75 out of 100 combines a trend score of 77, momentum of 70 and a risk score of 77.

Cathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products and services to individuals, professionals, and small to medium-sized businesses in the United States. It offers savings accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, and public funds deposits, and acceptance of checking, savings, demand deposits, time deposits, real estate, and consumer loans. The company also provides loan products, such as commercial real estate loans, commercial loans, small business administration loans, residential mortgage loans, real estate construction loans, and home equity lines of credit, and installment loans to individuals for household and other consumer expenditures. In addition, it offers trade financing, letter of credit, wire transfer, foreign currency spot and forward contract, safe deposit, overdraft, cash checking, automatic teller machine, Internet banking, investment, and other customary bank services, as well as investment products and services, such as stocks, bonds, mutual funds, insurance, annuities, and advisory services. The company was formerly known as Cathay Bancorp, Inc. and changed its name to Cathay General Bancorp in November 2003. Cathay General Bancorp was founded in 1962 and is headquartered in Los Angeles, California.