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Shares of Mb Financial Has Risen Above Previous 52-Week High

By Nick Russo

Mb Financial (NASDAQ:MBFI) traded today at a new 52-week high of $50.19. So far today approximately 2.1 million shares have been exchanged, as compared to an average 30-day volume of 330,000 shares.

Based on a current price of $49.42, Mb Financial is currently 6.3% above its average consensus analyst price target of $46.29. The stock should find initial support at its 200-day moving average (MA) of $43.23 and further support at its 50-day MA of $42.59.

In the past 52 weeks, shares of Mb Financial have traded between a low of $32.72 and a high of $50.19 and are now at $49.42, which is 51% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

MB Financial, Inc. is the holding company for MB Financial Bank, N.A., a commercial bank serving middle market businesses and individuals. The Bank offers a range of products and services through branches located in Illinois.

SmarTrend is tracking the current trend status for Mb Financial and will alert subscribers who have MBFI in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows mb financial

Ticker(s): MBFI