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Bullish Moving Average Cross by BancorpSouth (BXS)

By Nick Russo

Today, shares of BancorpSouth (NYSE:BXS) have crossed bullishly above their 10-day moving average of $29.72 on a volume of 203K 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.

In the past 52 weeks, shares of BancorpSouth have traded between a low of $18.69 and a high of $32.40 and are now at $29.85, which is 60% 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 1.1%.

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