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Lehman Crisis In Retrospect: International Bancshares 34.6% Below its Sept. 15th 2008 'Lehman Crisis' Low of $26.85 (IBOC)

Written on Wed, 07/28/2010 - 7:40am
By Chip Brian

International Bancshares (NASDAQ:IBOC) is currently trading 34.6% below its Sept. 15th 2008 low of $26.85. Investors are looking to see if the shares can regain the Sept. 15th 'Lehman Crisis' level, which may act as long-term overhead resistance.
In the past 52-weeks, shares of International Bancshares have traded between a low of $10.17 and a high of $25.14 and are now at $17.56, which is 72.7% above that low price.
SmarTrend is bearish on shares of International Bancshares and our subscribers were alerted to Sell on May 05, 2010 at $22.35. The stock has fallen 21.4% since the alert was issued.

Keywords: international bancshares lehman crisis lehman bankruptcy

Ticker(s): IBOC

Contact Chip Brian



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