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Summit Financial Group, Inc. (SMMF) - Buy, Sell or Hold?

Sector: Finance   Sub-Sector: Major Banks
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017NoneHammerFri, 24 Nov 20172.79%
***Stock database and scans are updated around midnight (New York time) every trading day.
27.25 0.00 (0%) Nov 28 4:00pm EDT
Open: 26.89 Range: 26.66 - 27.25 Vol: 20.58K Avg Vol: 27.87K
EPS: 1.13 P/E ratio: 24.03 EBITDA: 0.00 Mkt Cap: 337.99M
Analyze "SMMF" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 26.93
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 26.47
Last Trade is above the 50 day moving average at 26.55
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 23.12
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of SMMF

Stock Trend Analysis - Buy, Sell or Hold "Summit Financial Group, Inc." (SMMF)?

SMMF is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 50% of the time spent trading above the 200 day moving average. The 50 day moving average also indicates range bound trading but with a general bullish upside bias. Even the 20 day moving average is exhibiting similar bullish bias in a trading range. For adventurous traders, once a trading range is identified, a viable strategy is to short breakouts and buy breakdowns with the expectation SMMF will return into the established trading range. However, a more conservative and higher probability trade is to still buy dips as the longer term trend is still up. A good place to accummulate longs is at the 200 SMA currently near 23.12. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "SMMF".

The analyst consensus estimates for the 1 year price target for this stock is $27.50* (*source: Yahoo Finance).

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