user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 521536 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Buyers Accumulating Shares of BancorpSouth on 1.3x Above-Average Volume (BXS)

Published on Fri, 06/21/2013 - 14:54
By Peter Chu

Shares of BancorpSouth are trading today in above average volume, with the share price rising 0.2% to $16.80. Approximately 733,000 shares have changed hands today vs. average 30-day volume of 546,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

BancorpSouth, Inc. is the holding company for BancorpSouth Bank. The Bank attracts deposits from the general public and originates a variety of loans. BancorpSouth operates in Mississippi, Alabama, Tennessee, Arkansas, Texas, and Louisiana. The Company also provides investment services, consumer finance, credit life insurance, and insurance agency services.

Over the past year, BancorpSouth has traded in a range of $12.55 to $18.06 and is now at $16.80, 34% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.

BancorpSouth (NYSE:BXS) is currently priced 6.5% above its average consensus analyst price target of $15.71. The stock should discover initial support at its 50-day moving average (MA) of $16.52 and subsequent support at its 200-day MA of $15.14.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Shares of Transglobe Energy Fall to a Ne...

Transglobe Energy (NASDAQ:TGA) traded at a new 52-week low today of $5.96. Approximate ...

Recent 52-Week Low Surpassed in Shares o...

Smith & Wesson (NASDAQ:SWHC) traded today at a new 52-week low of $9.48. So far today ...

Salix Pharmaceuticals: 52-Week High Rece...

Shares of Salix Pharmaceuticals (NASDAQ:SLXP) traded today at $170.08, breaking its 52- ...

SK Telecom: 52-Week High Recently Eclips...

Shares of SK Telecom (NYSE:SKM) traded today at $31.84, breaking its 52-week high. App ...

Shares of Seachange International Fall t...

Seachange International (NASDAQ:SEAC) traded at a new 52-week low today of $7.03. So f ...

Recent 52-Week Low Surpassed in Shares o...

Resource Capital (NYSE:RSO) traded at a new 52-week low today of $5.20. Approximately ...

Shares of Regal-Beloit Have Fallen Below...

Regal-Beloit (NYSE:RBC) traded at a new 52-week low today of $65.23. So far today appr ...

Shares of Parexel International Rise Abo...

Shares of Parexel International (NASDAQ:PRXL) traded today at $62.59, breaking its 52-w ...