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Independent Bank Corp. (INDB) - Buy, Sell or Hold?

Sector: Finance   Sub-Sector: Major Banks
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017Morning StarShooting StarTue, 21 Nov 20172.43%
***Stock database and scans are updated around midnight (New York time) every trading day.
71.70 0.00 (0%) Nov 28 4:00pm EDT
Open: 69.25 Range: 69.25 - 71.75 Vol: 111.59K Avg Vol: 85.21K
EPS: 2.94 P/E ratio: 24.52 EBITDA: 0.00 Mkt Cap: 1.98B
Analyze "INDB" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 70.06
Medium Term: Trading is Range Bound
Last Trade is above the 20 day moving average at 69.91
Last Trade is below the 50 day moving average at 72.03
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 67.29
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of INDB

Stock Trend Analysis - Buy, Sell or Hold "Independent Bank Corp." (INDB)?

INDB is in a very strong uptrend. In the last 52 weeks, INDB has been trading above the 200 day moving average for 99% of the time with an average daily volume of 85.2K shares being traded. The 50 day moving average, currently at 72.03, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average is in a trading range and is generally bucking the trend with a bearish bias. INDB was only able to maintain above the 20 SMA for 27.5% of the time in the last month of trading. Objectively, in a strong uptrend, the high probability strategy is to buy dips. A good area for traders who are considering taking a long position in INDB is near the 200 SMA currently at 67.29. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "INDB".

The analyst consensus estimates for the 1 year price target for this stock is $71.20* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 28 Nov 2017
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