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Bearish Moving Average Cross by Hancock Holding (HBHC)

By David Diaz

Today, shares of Hancock Holding (NASDAQ:HBHC) have fallen below their 10-day MA of $48.67 on a volume of 282K 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.

In the past 52 weeks, shares of Hancock Holding have traded between a low of $20.01 and a high of $52.94 and are now at $48.45, which is 142% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Hancock Holding on March 31st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $45.83. Since that recommendation, shares of Hancock Holding have risen 7.5%. We continue to monitor HBHC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses hancock holding

Ticker(s): HBHC