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TowneBank(TOWN) is a Virginia-chartered bank. TowneBank offers retail and commercial banking services to the Greater Hampton Roads region in Southeastern Virginia. This stock is trading up 3.6% at $13.39 in recent trading.
Today's Volume: 66,000
Average Volume: 63,921
Volume % Change: 50%
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From a technical perspective, TOWN is moving sharply higher today on decent volume. This move is pushing the stock right up to its 50-day moving average of $13.48, and within range of triggering a near-term breakout trade. That trade will hit once TOWN takes out some near-term overhead resistance at $13.69 to $13.75 with high volume.
Traders show now look for long biased trades in TOWN if it can clear those levels with volume that's near or well above 63,921 shares. If we get that action soon, look for this stock to re-test its recent high of $14.63 and potentially move above it.