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 cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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

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