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Ameris Bancorp Crosses Above its 10-day MA (ABCB)

By Shiri Gupta

Today, shares of Ameris Bancorp (NASDAQ:ABCB) have crossed bullishly above their 10-day moving average of $47.94 on a volume of 166K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Ameris Bancorp has traded in a range of $43.35 to $59.05 and is now at $48.22, 11% above that low. The 200-day and 50-day moving averages have moved 0.08% lower and 0.73% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Ameris Bancorp on June 28th, 2018 by issuing a Downtrend alert when the shares were trading at $54.15. Since that call, shares of Ameris Bancorp have fallen 12.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses ameris bancorp

Ticker(s): ABCB