• Return to Headlines

Comerica Inc (CMA) Breaks Through Resistance at $65.44

By Amy Schwartz

Comerica Inc (NYSE:CMA) has opened bullishly above the pivot of $64.55 today and has reached the first level of resistance at $65.44. Investors may be interested in a cross of the next upside pivot targets of $66.13 and $67.71.

In the past 52 weeks, Comerica Inc share prices have been bracketed by a low of $58.54 and a high of $98.75 and are now at $64.76, 11% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.6%.

There is potential upside of 59.1% for shares of Comerica Inc based on a current price of $64.76 and an average consensus analyst price target of $103.04. Comerica Inc shares should first meet resistance at the 50-day moving average (MA) of $66.67 and find additional resistance at the 200-day MA of $74.04.

SmarTrend is monitoring the recent change of momentum in Comerica Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Comerica Inc in search of a potential trend change.

Keywords: pivot alerts comerica inc

Ticker(s): CMA