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Stock Investors Sell Off Shares of MainSource Financial Group, Down 1.4%

Published on Fri, 06/28/2013 - 13:59
By Robert Cotter

MainSource Financial Group (NASDAQ:MSFG), a company whose shares are moving quickly, is trading 1.4% lower to $13.59. The S&P is trading fractionally lower to 1,611 and the Dow is trading 0.4% lower to 14,966.

MainSource Financial Group share prices have moved between a 52-week high of $15.33 and a 52-week low of $6.88 and are now trading 98% above that low price at $13.59 per share. The 200-day and 50-day moving averages have moved 0.25% higher and 0.09% higher over the past week, respectively.

MainSource Financial Group has overhead space with shares priced $13.59, or 6.3% below the average consensus analyst price target of $14.50. The stock should hit resistance at its 50-day moving average (MA) of $13.64, as well as support at its 200-day MA of $13.14.

MainSource Financial Group, Inc. is the holding company for MainSource Bank, Peoples Trust Company, and MainSource Bank of Illinois. The banks attract deposits and offer business and consumer credit, insurance, investment brokerage, mutual funds, wealth management, and financial planning services in Indiana and Illinois.

By Robert Cotter