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BancorpSouth Crosses Above its 10-day MA (BXS)

By James Quinn

BancorpSouth (NYSE:BXS) crossed over its 10-day moving average of $29.18 on a volume of 103K 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.

BancorpSouth share prices have moved between a 52-week high of $32.40 and a 52-week low of $18.69 and are now trading 60% above that low price at $29.90 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has slid 0.3%.

SmarTrend is tracking the current trend status for BancorpSouth and will alert subscribers who have BXS in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses bancorpsouth

Ticker(s): BXS