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Ny Comm Bancorp: New 52-Week Low Set Today (NYCB)

By Amy Schwartz

Ny Comm Bancorp (NYSE:NYCB) traded at a new 52-week low today of $10.10. Approximately 656,000 shares have changed hands today, as compared to an average 30-day volume of 4.2 million shares.

New York Community Bancorp, Inc. is a multi-bank holding company. The Company, through its banking subsidiaries, offers a full range of traditional and non-traditional products and services, and originates multi-family, commercial real estate, and construction loans, primarily in the New York metropolitan area.

Over the past year, Ny Comm Bancorphas traded in a range of $10.10 to $14.53 and are now at $10.15. The 200-day and 50-day moving averages have moved 0.46% lower and 0.22% lower over the past week, respectively.

Potential upside of 27.5% exists for Ny Comm Bancorp, based on a current level of $10.15 and analysts' average consensus price target of $12.94. The stock should run into initial resistance at its 50-day moving average (MA) of $10.71 and subsequent resistance at its 200-day MA of $12.15.

SmarTrend is tracking the current trend status for Ny Comm Bancorp and will alert subscribers who have NYCB in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows ny comm bancorp

Ticker(s): NYCB