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Look for Shares of Commerce Bcshs to Potentially Pullback after Yesterday's 1.73% Rise

By James Quinn

Commerce Bcshs (NASDAQ:CBSH) traded in a range yesterday that spanned from a low of $66.70 to a high of $70.00. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $67.11 on volume of 911,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Commerce Bcshs have traded between a low of $54.23 and a high of $70.00 and are now at $67.13, which is 24% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Commerce Bcshs on March 7th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $60.33. Since that recommendation, shares of Commerce Bcshs have risen 10.0%. We continue to monitor CBSH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders commerce bcshs

Ticker(s): CBSH