Insurance Technology Industry News

TMCNet:  Downgrade Alert for Susquehanna Bancshares (SUSQ)

[March 15, 2013]

Downgrade Alert for Susquehanna Bancshares (SUSQ)

Mar 15, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Susquehanna Bancshares (NASDAQ:SUSQ) was downgraded from Buy to Neutral at Guggenheim today. The stock closed yesterday at $12.34 on volume of 1.5 million shares, above average daily volume of 889,000. Potential upside of 1.6% exists for Susquehanna Bancshares, based on a current level of $12.34 and analysts' average consensus price target of $12.54. The stock should find initial support at its 50-day moving average (MA) of $11.51 and further support at its 200-day MA of $10.58.

Susquehanna Bancshares, Inc. is a financial holding company, operating in multiple states. The Bank provides financial services through its affiliate banks at locations in the mid-Atlantic region. Susquehanna Bancshares also operates a trust and investment company, an asset management company, a property and casualty insurance brokerage company, and a leasing company.

Susquehanna Bancshares share prices have moved between a 52-week high of $12.35 and a 52-week low of $8.87 and closed yesterday at 39% above that low price at $12.34 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.2%.

SmarTrend recommended that subscribers consider buying shares of Susquehanna Bancshares on December 19th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $10.50. Since that recommendation, shares of Susquehanna Bancshares have risen 17.5%. We continue to monitor SUSQ 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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