TwinTrader.com announces the publication of Breakout for CZNC; highlighting public companies on the move and what’s behind the surge.
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“Citizens & Northern Corp. operates as the holding for Citizens & Northern Bank and First State Bank, which provide various banking and mortgage services to individual and corporate customers in north central Pennsylvania and southern New York. Its deposit products include various checking accounts, passbook and statement savings, money market accounts, interest checking accounts, individual retirement accounts, and certificates of deposits…
“A bank that posts strong earning in the climate of massive losses by the large money center banks excites investors. The company is apparently well managed and didn’t involve themselves with exotic financial products or writing loans on inflated real estate appraisals…
“Citizens & Northern’s stock price is clearly overbought. After breaking the $20 level and a powerful bounce rally experienced by the overall banks and broker-dealers, profit-taking has ripened here. RSI has gone from oversold to overbought in only three weeks...”
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