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Shares of Wintrust Financial Rise Above Previous 52-Week High

By David Diaz

Shares of Wintrust Financial (NASDAQ:WTFC) traded at a new 52-week high today of $79.27. This new high was reached on below average trading volume as 142,000 shares traded hands, while the average 30-day volume is approximately 355,000 shares.

In the past 52 weeks, Wintrust Financial share prices have been bracketed by a low of $37.96 and a high of $79.27 and are now at $78.65, 107% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.6%.

Wintrust Financial (NASDAQ:WTFC) defies analysts with a current price ($78.65) 6.3% above its average consensus price target of $73.73. The stock should find initial support at its 200-day moving average (MA) of $48.60 and further support at its 50-day MA of $46.14.

Wintrust Financial Corporation is a multi-bank holding company providing community-based banking services in various suburbs of Chicago, Illinois. The Banks provide a variety of commercial and personal financial services to individuals, businesses, local governmental units, and institutions. Wintrust also has a financing services subsidiary and a trust subsidiary.

SmarTrend recommended that subscribers consider buying shares of Wintrust Financial on April 21st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $69.96. Since that recommendation, shares of Wintrust Financial have risen 11.8%. We continue to monitor WTFC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows wintrust financial

Ticker(s): WTFC