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Citizens Republic Bancorp Inc CRBC



NDAQ:CRBC - Post by User

Post by david39on Aug 26, 2010 6:43am
312 Views
Post# 17384887

CRBC

CRBCPeople told investors to watch CRBC as the stock could start to attract buyers now that it has broken below support at
.80. People were expecting to see the price test a low of
.75 but it looks like some investors are already jumping in. On Wednesday, the price hit a low of
.76 but investors took advantage of the discounted price and drove it to a positive close at
.84. Although this was a very bullish move, volume was relatively low. People need to see some important follow through buying before people jump on this trade but it has the potential to be a profitable bounce play. The fact that the price closed lower on Wednesday means investors should have a good entry point today.
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