On 1.4x Above-Average Volume Shares of Amcore Financial (AMFI) Are On The Move Higher

Shares of Amcore Financial AMFI are trading up 3.5% to $0.90 today on above average volume. Approximately 1.3 million shares have traded hands today vs. average 30-day volume of 547,000 shares.

Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of AMFI to see if this bullish momentum will continue.

SmarTrend is bullish on shares of Amcore Financial and our subscribers were alerted to buy on April 12, 2010 at $0.69. The stock has risen 30.5% since the alert was issued.

Write to Chip Brian at cbrian@tradethetrend.com

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