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Shares of CNOB Down 47.8% Since Downtrend Call on Shares

By David Diaz

SmarTrend identified a Downtrend for Connectone Banco (NASDAQ:CNOB) on January 27th, 2020 at $24.53. In approximately 2 months, Connectone Banco has returned 47.85% as of today's recent price of $12.79.

In the past 52 weeks, shares of Connectone Banco have traded between a low of $8.86 and a high of $26.50 and are now at $12.79, which is 44% above that low price. The 200-day and 50-day moving averages have moved 0.47% lower and 2.6% lower over the past week, respectively.

ConnectOne Bancorp, Inc. is a community-based, full-service commercial bank holding company. The Company concentrates on asset generation efforts in real estate, construction, business loans, and deposit accounts.

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

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

Keywords: spotlights connectone banco

Ticker(s): CNOB