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BancorpSouth Crosses Below its 10-day MA (BXS)

By James Quinn

BancorpSouth (NYSE:BXS) crossed under its 10-day moving average of $30.10 on a volume of 268K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower 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 61% above that low price at $30.00 per share. The 200-day and 50-day moving averages have moved 0.26% lower and 1.14% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in BancorpSouth. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of BancorpSouth in search of a potential trend change.

Keywords: moving crosses bancorpsouth

Ticker(s): BXS