• Return to Headlines

Look for Shares of Ny Comm Bancorp to Potentially Rebound after Yesterday's 1.85% Sell Off

By James Quinn

Ny Comm Bancorp (NYSE:NYCB) traded in a range yesterday that spanned from a low of $11.60 to a high of $11.90. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $11.82 on volume of 2.5 million 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 Ny Comm Bancorp on March 27th, 2018 by issuing a Downtrend alert when the shares were trading at $13.07. Since that call, shares of Ny Comm Bancorp have fallen 9.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Ny Comm Bancorp share prices have moved between a 52-week high of $14.53 and a 52-week low of $11.48 and are now trading 2% above that low price at $11.66 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.5%.

Keywords: rebounders ny comm bancorp

Ticker(s): NYCB