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Downtrend Call Working As Indep Bank/Mich Stock Falls 43.4% (IBCP)

By David Diaz

SmarTrend identified a Downtrend for Indep Bank/Mich (NASDAQ:IBCP) on February 25th, 2020 at $21.03. In approximately 1 month, Indep Bank/Mich has returned 43.41% as of today's recent price of $11.90.

Over the past year, Indep Bank/Mich has traded in a range of $9.19 to $23.93 and is now at $11.90, 29% above that low. The 200-day and 50-day moving averages have moved 0.91% lower and 4.2% lower over the past week, respectively.

Independent Bank Corporation is a commercial bank holding company. The Banks attract deposits and offer a variety of loans and financial services, including commercial and agricultural lending, direct and indirect consumer financing, and mortgage lending. Independent Bank operates in Michigan's lower peninsula.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Indep Bank/Mich.

Log in and add Indep Bank/Mich (IBCP) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights indep bank/mich

Ticker(s): IBCP