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Virginia Commerce Bancorp Shares Sinking Lower, Down 1.5%

Published on Wed, 02/06/2013 - 11:24
By Robert Cotter

Virginia Commerce Bancorp (NASDAQ:VCBI), a company whose shares are moving quickly, is trading 1.5% lower to $13.15. The Dow is down 0.2% to 13,945 and the S&P is currently trading fractionally lower to 1,509.

In the past 52 weeks, shares of Virginia Commerce Bancorp have traded between a low of $7.46 and a high of $13.51 and are now at $13.15, which is 76% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.9% while the 200-day MA has risen 0.9%.

Virginia Commerce Bancorp, Inc. is the holding company for Virginia Commerce Bank. The Bank operates several branches in Northern Virginia serving the Washington Metropolitan area. Virginia Commerce Bank provides a full range of banking services to businesses, professionals, not-for-profit organizations, and individuals.

Virginia Commerce Bancorp (NASDAQ:VCBI) is currently priced 1.1% above its average consensus analyst price target of $13.00. The stock should discover initial support at its 50-day moving average (MA) of $10.01 and subsequent support at its 200-day MA of $8.72.

By Robert Cotter
rcotter@fnno.com