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Recent 52-Week High Exceeded in Shares of Trustmark (TRMK)

By David Diaz

Trustmark (NASDAQ:TRMK) traded today at a new 52-week high of $27.39. So far today approximately 59,000 shares have been exchanged, as compared to an average 30-day volume of 387,000 shares.

Trustmark Corporation is the holding company for Trustmark National Bank. The Bank offers a variety of banking, investment, and insurance solutions to corporate, institutional, and individual customers in Mississippi and Tennessee.

Trustmark (NASDAQ:TRMK) is currently priced 10.6% above its average consensus analyst price target of $24.40. Trustmark shares have support at the 50-day moving average (MA) of $23.29 and additional support at the 200-day MA of $23.26.

In the past 52 weeks, shares of Trustmark have traded between a low of $19.75 and a high of $27.39 and are now at $27.30, which is 38% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Trustmark on February 16th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $21.92. Since that recommendation, shares of Trustmark have risen 24.8%. We continue to monitor TRMK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Trustmark

Ticker(s): TRMK