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Downgrade Alert for BancorpSouth (BXS)
[January 04, 2013]

Downgrade Alert for BancorpSouth (BXS)

Jan 04, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- BancorpSouth (NYSE:BXS) was downgraded from Market Perform to Underperform at Keefe Bruyette today. The stock closed yesterday at $15.07 on volume of 899,000 shares, above average daily volume of 593,000. 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.

BancorpSouth (NYSE:BXS) is currently priced 8.8% above its average consensus analyst price target of $13.75. The stock should discover initial support at its 200-day moving average (MA) of $14.00 and subsequent support at its 50-day MA of $13.81.

BancorpSouth share prices have moved between a 52-week high of $15.69 and a 52-week low of $10.85 and closed yesterday at 39% above that low price at $15.07 per share. The 200-day and 50-day moving averages have moved 0.14% higher and 0.36% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of BancorpSouth on December 18th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.34. Since that recommendation, shares of BancorpSouth have risen 5.1%. We continue to monitor BXS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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