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Recent 52-Week High Exceeded in Shares of Seacoast Bank/Fl (SBCF)

By Nick Russo

Shares of Seacoast Bank/Fl (NASDAQ:SBCF) traded today at $33.10, breaking its 52-week high. So far today approximately 55,000 shares have been exchanged, as compared to an average 30-day volume of 413,000 shares.

Seacoast Bank/Fl (NASDAQ:SBCF) is currently priced 7.8% above its average consensus analyst price target of $30.42. The stock should find initial support at its 50-day moving average (MA) of $29.03 and further support at its 200-day MA of $26.15.

Seacoast Banking Corporation of Florida operates as a bank holding company. The Bank, through its subsidiaries, offers a full range of banking and investment services, including personal and business deposit products, personal, commercial, and mortgage loans, wealth management services, and treasury management solutions.

In the past 52 weeks, shares of Seacoast Bank/Fl have traded between a low of $20.58 and a high of $33.10 and are now at $32.98, which is 60% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.2%.

SmarTrend recommended that subscribers consider buying shares of Seacoast Bank/Fl on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.02. Since that recommendation, shares of Seacoast Bank/Fl have risen 20.7%. We continue to monitor SBCF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows seacoast bank/fl

Ticker(s): SBCF