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Shares of CACB Down 5.9% Since Downtrend Call on Shares

By David Diaz

SmarTrend identified a Downtrend for Cascade Bancorp (:CACB) on April 13th, 2017 at $7.43. In approximately 35 months, Cascade Bancorp has returned 5.86% as of today's recent price of $6.99.

In the past 52 weeks, Cascade Bancorp share prices have been bracketed by a low of $5.27 and a high of $8.52 and are now at $6.99, 33% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Cascade Bancorp is a holding company for Bank of the Cascades and Cascade Finance. The Bank, through several branches located throughout central Oregon, offers a variety of commercial and personal banking services to its customers. Cascade Finance provides consumer loans and retail lending programs.

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

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

Keywords: spotlights :cacb cascade bancorp

Ticker(s): CACB