Watching for Potential Rebound - TNCC
Seite 1 von 1 Neuester Beitrag: 14.11.11 17:32 | ||||
| Eröffnet am: | 14.11.11 14:53 | von: Theologe | Anzahl Beiträge: | 2 |
| Neuester Beitrag: | 14.11.11 17:32 | von: Theologe | Leser gesamt: | 2.028 |
| Forum: | Hot-Stocks | Leser heute: | 4 | |
| Bewertet mit: |  | |||
NASDAQ Trading (US)
www.mysmartrend.com/news-briefs/news-watch/...commerce-bancorp-after-
SmarTrend Watching for Potential Rebound in Shares of Tennessee Commerce Bancorp (TNCC)
Tennessee Commerce Bancorp (NASDAQ:TNCC) traded in a range yesterday that spanned from a low of $0.08 to a high of $0.10. Yesterday, the shares fell 7.78%, which took the trading range below the 3-day low of $0.08 on volume of 53,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Shares of Tennessee Commerce Bancorp are currently trading below their 50-day moving average (MA) of $0.76 and below their 200-day MA of $2.68. Look for the MA to provide resistance for a short-term rebound in the shares.
SmarTrend currently has shares of Tennessee Commerce Bancorp in an Downtrend and issued the Downtrend alert on April 04, 2011 at $4.52. The stock has fallen 98% since the Downtrend alert was issued.
SmarTrend expects the share price to rebound toward the $0.08 resistance level. Afterwards, we expect it to move downward with its peers in the SmarTrend Regional Banks- Southeast industry.