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Shares of Pinnacle Finl Has Fallen Below Previous 52-Week Low

By David Diaz

Pinnacle Finl (NASDAQ:PNFP) traded today at a new 52-week low of $56.85. So far today approximately 62,000 shares have been exchanged, as compared to an average 30-day volume of 463,000 shares.

In the past 52 weeks, shares of Pinnacle Finl have traded between the current low of $56.85 and a high of $69.95 and are now at $57.13. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.5%.

Pinnacle Financial Partners, Inc. is a holding company for Pinnacle National Bank. The Bank operates as a community bank emphasizing personal banking relationships with individuals and businesses located in its primary service area, which is comprised of the metropolitan Nashville, Tennessee area and surrounding counties.

There is potential upside of 31.6% for shares of Pinnacle Finl based on a current price of $57.13 and an average consensus analyst price target of $75.20. The stock should find initial resistance at its 50-day moving average (MA) of $63.10 and further resistance at its 200-day MA of $64.35.

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

Keywords: 52 week high/lows pinnacle finl

Ticker(s): PNFP