[May 22, 2013] Shares of BancorpSouth Rise to a New 52-Week High - May 22, 2013 Tweet May 22, 2013 (Comtex SmartTrend® Morning Call via COMTEX) -- Shares of BancorpSouth (NYSE:BXS) traded today at $18.03, breaking its 52-week high. This new high was reached on approximately average trading volume as 510,000 shares traded hands, while the average 30-day volume is approximately 668,000 shares. 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 12.7% above its average consensus analyst price target of $15.71. The stock should discover initial support at its 50-day moving average (MA) of $16.11 and subsequent support at its 200-day MA of $14.88. Over the past year, BancorpSouth has traded in a range of $12.48 to $18.03 and is now at $18.01, 44% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%. SmarTrend recommended that subscribers consider buying shares of BancorpSouth on May 7th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.47. Since that recommendation, shares of BancorpSouth have risen 7.1%. 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 [email protected] --------------------------------------------------------------------------------------------- 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 http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup ***** [ Back To TMCnet.com's Homepage ]