[May 30, 2013] Downgrade Alert for PacWest Bancorp (PACW) Tweet May 30, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- PacWest Bancorp (NASDAQ:PACW) was downgraded from Outperform to Market Perform at Keefe Bruyette today. The stock closed yesterday at $28.62 on volume of 165,000 shares, below average daily volume of 189,000. PacWest Bancorp is a bank holding company. The Company, through its banking subsidiary, offers a wide range of commercial banking services. In the past 52 weeks, PacWest Bancorp share prices have been bracketed by a low of $20.82 and a high of $29.30 and closed yesterday at $28.62, 37% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%. Potential upside of 0.3% exists for PacWest Bancorp, based on a current level of $28.62 and analysts' average consensus price target of $28.71. The stock should discover initial support at its 50-day moving average (MA) of $27.90 and subsequent support at its 200-day MA of $25.70. SmarTrend is monitoring the recent change of momentum in PacWest Bancorp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of PacWest Bancorp in search of a potential trend change. 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 ]