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Ameris Bancorp (ABCB) Approaches New Downside Target of $9.63

Written on Tue, 07/20/2010 - 11:31am
By Chip Brian

SmarTrend has detected shares of Ameris Bancorp (NASDAQ:ABCB) have bearishly opened below the pivot of $9.94 today and have reached the first level of support of $9.84.
Should the shares continue to fall, we are monitoring the next support pivots of $9.63 and $9.32. Also, the shares are currently trading below the 50-day moving average of $10.46 and should find support at the 200-day moving average of $8.81.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Ameris Bancorp on June 24, 2010 at $9.94. Since the call, the stock has fallen 1.8%.

Keywords: ameris bancorp pivot points

Ticker(s): ABCB


Company Information For: ABCB

Contact Chip Brian
Smartrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com.

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