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WesBanco: 52-Week High Recently Eclipsed (WSBC)

Published on Wed, 06/26/2013 - 14:50
By Adrienne Chilton

WesBanco (NASDAQ:WSBC) traded today at a new 52-week high of $26.42. This new high was reached on approximately average trading volume as 79,000 shares traded hands, while the average 30-day volume is approximately 71,000 shares.

Based on a current price of $26.42, WesBanco is currently 1.6% above its average consensus analyst price target of $26.00. The stock should discover initial support at its 50-day moving average (MA) of $24.86 and subsequent support at its 200-day MA of $22.88.

Over the past year, WesBanco has traded in a range of $16.06 to $26.42 and is now at $26.42, 65% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.5%.

WesBanco, Inc. is a multi-bank holding company. The Company, through its subsidiaries, conducts general, commercial, and mortgage banking, as well as a trust business. WesBanco provides its services to commercial, consumer, and government customers through offices located in West Virginia and eastern Ohio.

By Adrienne Chilton
achilton@fnno.com