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Prosperity Bncsh Falls 3.55% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Prosperity Bncsh (NYSE:PB) traded in a range yesterday that spanned from a low of $65.25 to a high of $68.76. Yesterday, the shares fell 3.5%, which took the trading range below the 3-day low of $67.39 on volume of 364,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Prosperity Bncsh has traded in a range of $61.95 to $79.20 and is now at $65.56, 6% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Prosperity Bncsh and will alert subscribers who have PB in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders prosperity bncsh

Ticker(s): PB