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Horizon Bncrp/In Shares Down 19.2% Since SmarTrend's Sell Call (HBNC)

By David Diaz

SmarTrend identified a Downtrend for Horizon Bncrp/In (NASDAQ:HBNC) on June 18th, 2018 at $21.45. In approximately 15 months, Horizon Bncrp/In has returned 19.21% as of today's recent price of $17.33.

Horizon Bncrp/In share prices have moved between a 52-week high of $20.65 and a 52-week low of $14.79 and are now trading 17% above that low price at $17.32 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Horizon Bancorp is the holding company for Horizon Bank, N.A. and its wholly-owned subsidiaries. The Bank and its subsidiaries provide commercial and retail banking, investment management services, commercial and personal property and casualty insurance services, retail lending, and insurance credit life sales. Horizon Bank operates in LaPorte and Porter counties, Indiana.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Horizon Bncrp/In.

Log in and add Horizon Bncrp/In (HBNC) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights horizon bncrp/in

Ticker(s): HBNC