Clifton Savings Bancorp, Inc. shares return to the pre-correction levels after lowering to the level of 62-day moving average

02/14 11:24
Within the previous 5 trading sessions the market has been moving up from $10.50 and has already gained $0.88 per share.

Clifton Savings Bancorp, Inc. shares started a 54-week long period from the level $8.60 and remained In flat until September, 2010. The active uptrend started from the 12-month low on $8.08. The current correction is the first significant trend interruption since its beginning.

Today NASDAQ:CSBK shares are above the 62-day moving average (at the moment at $10.53 and growing).

The nearest support level of the upcoming trend is above $11.00. This support line was tested twice in December, 2010. The price lowered to this level can be considered a good buy opportunity.

A significant resistance is on the level of the 54-week high on $12.18.

Portfoliorunner will track these shares and use proprietary analytical tools to identify possible corrections or up-moves.

Additional information: Clifton Savings Bancorp, Inc. is a savings and loan holding company that operates through its subsidiary, Clifton Savings Bank (Clifton Savings). Clifton Savings is a federally chartered savings bank. Clifton Savings operates as a community-oriented financial institution offering traditional financial services to consumers and businesses in its market area.

It's only fair to share...Share on facebook
Facebook
Share on google
Google
Share on twitter
Twitter
Share on linkedin
Linkedin

Leave a comment

Your email address will not be published. Required fields are marked *