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Watch for Continued Gains in Shares of Commerce Bcshs (CBSH)

By Amy Schwartz

Commerce Bcshs (NASDAQ:CBSH) traded today at a new 52-week high of $70.00. So far today approximately 347,000 shares have been exchanged, as compared to an average 30-day volume of 423,000 shares.

Commerce Bcshs share prices have moved between a 52-week high of $70.00 and a 52-week low of $54.23 and are now trading 26% above that low price at $68.55 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.2%.

Commerce Bcshs (NASDAQ:CBSH) is currently priced 10.4% above its average consensus analyst price target of $61.44. The stock should find initial support at its 50-day moving average (MA) of $65.36 and further support at its 200-day MA of $60.73.

Commerce Bancshares, Inc., a bank holding company, offers a full line of banking services, including capital markets, trust services, investment management and securities brokerage. The Company also has operating subsidiaries involved in mortgage banking, credit related insurance, venture capital, and real estate activities. Commerce operates in multiple states.

SmarTrend recommended that subscribers consider buying shares of Commerce Bcshs on March 7th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $60.33. Since that recommendation, shares of Commerce Bcshs have risen 10.0%. We continue to monitor CBSH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows commerce bcshs

Ticker(s): CBSH