• Return to Headlines

Commerce Bcshs Set to Possibly Rebound After Yesterday's Selloff of 3.15%

By Amy Schwartz

Commerce Bcshs (NASDAQ:CBSH) traded in a range yesterday that spanned from a low of $60.64 to a high of $63.62. Yesterday, the shares fell 3.1%, which took the trading range below the 3-day low of $62.63 on volume of 385,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Commerce Bcshs on September 14th, 2018 by issuing a Downtrend alert when the shares were trading at $68.91. Since that call, shares of Commerce Bcshs have fallen 9.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Commerce Bcshs has traded in a range of $54.23 to $72.55 and is now at $60.95, 12% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.3%.

Keywords: rebounders commerce bcshs

Ticker(s): CBSH