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After Yesterday's Decline of 1.17%, Banc Of Californ Offers Investors Better Value

By David Diaz

Banc Of Californ (NYSE:BANC) traded in a range yesterday that spanned from a low of $18.85 to a high of $19.30. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $19.15 on volume of 347,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Banc Of Californ share prices have moved between a 52-week high of $23.40 and a 52-week low of $17.10 and are now trading 12% above that low price at $19.07 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Banc Of Californ and will alert subscribers who have BANC in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders banc of californ

Ticker(s): BANC