Top News Stories For November 13 2017

The day’s top news stories from stocks on the GuerillaStockTrading watch list.
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First Bancshares Upgraded by Zacks Investment Research

First Bancshares has 3 insider buys in recent days after announcing the purchase of Alabama Bank. Zacks upgraded the stock to a Buy rating today.

First Bancshares stock was upgraded by analysts at Zacks Investment Research from a Hold rating to a Buy rating. They now have a $35 price target on the stock which represents 9.7% upside from the previous close of $31.90.
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First Bancshares Rising Large Players Volume on Earnings Beat

First Bancshares stock has rising large player volume on an earnings beat. First Bancshares reported Q2 EPS of $0.44 versus the $0.36 estimate. Revenue also beat coming in at $20.2 million versus the $18.9 million estimate.

First Bancshares has been making interesting merger and acquisition moves over the last year. Last quarter, the Company’s common stock was included in the Russell 2000 Index for the first time.

First Bancshares Stock Chart

Large players volume has been slowly rising as the stock has dropped. That positive diverge is also confirmed by the Twiggs Money Flow. Both large players volume and the Twiggs Money Flow favors the Bulls.

FBMS is an ok setup but it doesn’t really thrill me though. Yes, prices have been consolidating lately and the volatility has been reduced setting up a momentum squeeze.

What I don’t like about this momentum squeeze setup is that the stock has been signaling a such a squeeze for many months now. Ideally, we want stocks that swing hard on a momentum squeeze signal. This stock clearly does not do that which is bearish IMO.

There is a resistance zone just above the current price starting at 27.18. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.94, a stop order could be placed below this zone. We notice that large players showed an interest for FBMS in the last couple of days, which is a good sign.