• Return to Headlines

Independent Bank Shares Down 25.0% Since SmarTrend's Sell Call (IBTX)

By David Diaz

SmarTrend identified a Downtrend for Independent Bank (NASDAQ:IBTX) on June 15th, 2018 at $71.48. In approximately 6 months, Independent Bank has returned 25.01% as of today's recent price of $53.60.

Over the past year, Independent Bank has traded in a range of $51.61 to $79.00 and is now at $53.60, 4% above that low. The 200-day and 50-day moving averages have moved 0.4% lower and 1.3% lower over the past week, respectively.

Independent Bank Group, Inc. operates national commercial bank. The Company offers personal and business banking services. Independent Bank operates in Texas.

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

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

Keywords: spotlights independent bank

Ticker(s): IBTX