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

UBS Made the Right Call, ArcelorMittal 4...

UBS upgraded ArcelorMittal (NYSE:MT) from Sell to Buy a week ago. The stock closed at ...

Relatively Good Performance Detected in ...

We looked at the Tobacco industry and measured relative performance to find the top sto ...

Shares of Ocwen Financial Rank the Highe...

Here are the top 5 stocks in the Thrifts & Mortgage Finance industry ranked by performa ...

Best Relative Performance in the Systems...

We looked at the Systems Software industry and measured relative performance to find th ...

Top 5 Companies in the Steel Industry wi...

Below are the top five companies in the Steel industry as measured by relative performa ...

FelCor Lodging Trust is Among the Compan...

Here are the top 5 stocks in the Specialized REITs industry ranked by performance. We ...

Amkor Technology has the Best Relative P...

We looked at the Semiconductor Equipment industry and measured relative performance to ...

DDR has the Best Relative Performance in...

Below are the top five companies in the Retail REITs industry as measured by relative p ...