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Bearish Moving Average Cross by Commerce Bancshares (CBSH)

By David Diaz

Today, shares of Commerce Bancshares (NASDAQ:CBSH) have crossed bearishly below their 10-day moving average of $48.65 on a volume of 114K 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.

Over the past year, Commerce Bancshares has traded in a range of $37.44 to $49.37 and is now at $47.94, 28% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Commerce Bancshares on February 5th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.43. Since that recommendation, shares of Commerce Bancshares have risen 19.2%. We continue to monitor CBSH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses commerce bancshares

Ticker(s): CBSH