EuroBancshares Breaks Through Resistance, Up 14.7% (EUBK)

EuroBancshares EUBK is one of yesterday's best performing stocks, up 14.7% to $1.09 on 4.5x above average volume. Approximately 1.2 million shares have traded hands yesterday vs. 30-day average volume of 209,000 shares.

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

EuroBancshares is in SmarTrend's Regional Banks- Southeast industry and this industry is currently in an Uptrend. An industry trend that matches the stock's trend helps to add conviction to the stock's Uptrend and price prediction.

SmarTrend is bullish on shares of EuroBancshares and our subscribers were alerted to buy on April 21, 2010 at $0.39. The stock has risen 179.5% since the alert was issued.

Write to Chip Brian at cbrian@tradethetrend.com

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