Up 8.7% to $5.39, Cascade Bancorp (NASDAQ:CACB), is one of today's notable movers. The S&P is currently trading 0.7% lower to 1,308 and the Dow Jones Industrial Average is trading 0.6% lower to 12,581.
Based on a current price of $5.39, Cascade Bancorp is currently 35.1% above its average consensus analyst price target of $3.50. The stock should find resistance at its 200-day moving average (MA) of $7.10, as well as support at its 50-day MA of $4.45.
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.
In the past 52 weeks, shares of Cascade Bancorp have traded between a low of $3.50 and a high of $12.58 and are now at $5.39, which is 54% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has slid 1%.
