BancorpSouth Crosses Below its 10-day MA (BXS)
Today, shares of BancorpSouth (NYSE:BXS) have fallen below their 10-day MA of $23.37 on a volume of 128K shares. This may provide short-term investors a chance 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 $27.23 and a 52-week low of $18.69 and are now trading 24% above that low price at $23.26 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.1%.
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