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Shares of Cullen/Frost Bankers Rise Above Previous 52-Week High

By Nick Russo

Cullen/Frost Bankers (NYSE:CFR) traded at a new 52-week high today of $99.20. So far today approximately 56,000 shares have been exchanged, as compared to an average 30-day volume of 771,000 shares.

Over the past year, Cullen/Frost Bankers has traded in a range of $42.41 to $99.20 and is now at $98.75, 133% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has slid 0.4%.

Cullen/Frost Bankers (NYSE:CFR) is currently priced 7.3% above its average consensus analyst price target of $91.56. The stock should find initial support at its 200-day moving average (MA) of $60.88 and further support at its 50-day MA of $56.91.

Cullen/Frost Bankers, Inc. is the holding company for The Frost National Bank. The Bank provides commercial banking, consumer services, investment banking, international banking, trust services, correspondent banking, discount brokerage, and insurance services through a network of offices in Texas.

SmarTrend recommended that subscribers consider buying shares of Cullen/Frost Bankers on May 25th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $94.53. Since that recommendation, shares of Cullen/Frost Bankers have risen 3.2%. We continue to monitor CFR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows cullen/frost bankers

Ticker(s): CFR