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Book Profits in Community Bank Stocks

Associated Banc-Corp (ASBC) ($17.17) set its multi-year high at $17.62 on Aug. 5 then held its 200-day SMA at the Sept. 23 low of $15.06. My annual value level is $15.72 with a monthly pivot at $16.88 and quarterly risky level at $18.77.

BOK Financial (BOKF) ($62.52) has been trading back and forth around its 200-day SMA at $63.74 since Oct. 3. My annual value level is $61.63 with a semiannual pivot at $64.59 and monthly risky level at $65.17.

Commerce Bancshares (CBSH) ($44.77) set a multi-year high at $45.77 on Nov. 25. My annual value level is $37.91 with a quarterly pivot at $46.12 and semiannual risky level at $47.20.

East West Bancorp (EWBC) ($34.05) set its multi-year high at $34.71 on Oct. 29. The 50-day SMA is $33.52, with a monthly pivot at $34.87 and quarterly risky level at $35.31.

FirstMerit Corp (FMER) ($22.79) set its multi-year high at $23.51 on Nov. 25. The 50-day SMA is $22.47 with a quarterly pivot at $23.62 and monthly risky kevel at $25.62.

Hancock Holding (HBHC) ($35.00) set a multi-year high at $35.58 on Nov. 29. My semiannual value level is $33.57 with a quarterly risky level at $36.39.

Signature Bank (SBNY) ($106.07) set a multi-year high at $108.96 on Nov. 21. My semiannual value level is $91.73 with a quarterly pivot at $100.56 and weekly risky level at $113.77.

SVB Financial (SIVB) ($100.87) set its multi-year high at $103.36 on Dec. 2. My semiannual value level is $89.37 with a quarterly pivot at $99.48 and monthly risky level at $103.83.

Third Federal S&L (TFSL) ($11.61) set its multi-year high at $12.49 on Oct. 28 and ended last week below its 50-day SMA at $11.96. This community bank is a savings and loan that was upgraded to buy from hold this morning. My quarterly value level is $10.22 with a monthly pivot at $12.09 and quarterly risky level at $12.47.

Zions Bancorp (ZION) ($29.20) set a multi-year high at $31.40 on July 8, then traded to a second-half 2013 low at $26.79 on Sept. 30. The 200-day SMA is $27.47, with a quarterly pivot at $32.14 and semiannual risky level at $32.35.

At the time of publication the author held no positions in any of the stocks mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

Richard Suttmeier is the chief market strategist at AlphaPlus Analytics in addition to ValuEngine.com. He has been a professional in the U.S. Capital Markets since 1972, transferring his engineering skills to the trading and investment world.

Suttmeier has an engineering degree from Georgia Tech and a Master of Science degree from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. He became the first long bond trader for Bache in 1978, and formed the Government Bond Department at LF Rothschild in 1981, helping establish that firm as a primary dealer in 1986. This experience gives him the insights to be an expert on monetary policy, which he features in his newsletters, and market commentary.

Suttmeier's industry licenses include, Series 7 and Registered Principal (Series 24). He has been the Chief Market Strategist for ValuEngine.com since 2008 and often appears on financial TV.

Click here for details on Suttmeier's "Buy and Trade" investment strategy.

Richard Suttmeier can be reached at RSuttmeier@Gmail.com
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