American National Bankshares (AMNB) - Overbought - views

American National Bankshares has hit a technical signal on 3 different technical indicators. AMNB is in the Finance sector. The technical signals indicate that the stock is Overbought right now. The 3 indicators: Commodity Channel Index, Relative Strength Index and the Fast Stochastics were all triggered based on the last closing price of $21.10 on Feb 1.

There is currently one analyst covering the company with a Buy recommendation. The current consensus estimate for quarterly earnings is $0.55 per share. Last quarter the company earned $0.48 per share. The analyst covering the company is forecasting earnings of $1.67 per share. The consensus estimate for next years' earnings is $1.98 per share, which represents forecast growth of 18.6%.

Over the last 52 weeks, the stock has been trading between $17.11 and $23.95. More recently in the last 4 weeks, the stock has been trading between $18.54 and $21.15. Yesterday the stock traded between $20.72 and $21.15. The stock currently has a PE ratio of 13.7.

American National Bankshares is trading 6.5% from its 20-day simple moving average (SMA) of $19.82 and 10.0% from its 50-day SMA and 11.09% from its 200-day SMA. Average daily volume over the last 30 days has been 6,161 shares.

At yesterdays close: the RSI was at 80.6, the CCI was at 201.8 and the Fast Stochastic was at 97.7. AMNB closed yesterday at $21.10, on volume of 10,445 shares as compared to an average volume of 6,161 over the last 4 weeks.

American National Bankshares Inc. operates as the bank holding company for American National Bank and Trust Company that provides various commercial, mortgage, and consumer banking products and services to individuals and businesses in Virginia and North Carolina. The company's deposit products principally include checking, money market, savings, demand, and consumer time deposits, as well as certificates of deposit. Its loan portfolio primarily comprises commercial and residential real estate loans, commercial loans to small and medium-sized businesses, construction and land development loans, and home equity loans, as well as 1-4 family residential mortgage loans. The company also provides trust and investment services, which include estate planning, trust account administration, and retail brokerage services, as well as investment management services, such as purchasing equity, fixed income, and mutual fund investments for customer accounts. In addition, American National Bankshares Inc. provides mutual funds, insurance, Internet banking, automated teller machine (ATM), and telephone banking services. As of December 31, 2009, the company operated 18 banking offices and 2 loan production offices located in Danville, Pittsylvania County, Martinsville, Henry County, Halifax County, Lynchburg, Bedford County, Campbell County, and Nelson County in Virginia; and Caswell County in North Carolina. It also operates 25 ATMs. The company was founded in 1909 and is based in Danville, Virginia.

Technical Indicators should be used as the starting point for further analysis. These indicators are provided as a guide to help you determine what assets to analyze. The technical indicators used in this article can indicate that an asset is either overbought or oversold, but that indication could be the result of a fundamental or other type of event like an earnings announcement.

To learn more about technical analysis, please refer to our technical analysis primer.