East West Bancorp (EWBC) Shares are Up 0.36%

East West Bancorp (EWBC) has been under a strong bear grip, hence the stock is down -1.47% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.19% in the past 1 week. The stock has risen by 0.36% in the past week indicating that the buyers are active at lower levels, but the stock is down -2% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 1.05% and the 50-Day Moving Average is 3.91%.The 200 Day SMA reached 5.43%


East West Bancorp (NASDAQ:EWBC): After opening at $36.17, the stock dipped to an intraday low of $36.07 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $36.98 and the buying power remained strong till the end. The stock closed at $36.71 for the day, a gain of 1.92% for the day session. The total traded volume was 982,574. The stocks close on the previous trading day was $36.71.

East West Bancorp (EWBC) : The most positive equity analysts on East West Bancorp (EWBC) expects the shares to touch $46, whereas, the least positive believes that the stock will trade at $38 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $41.44 with an expected fluctuation of $2.24 from the mean.

East West Bancorp, Inc. (East West) is a bank holding company. East Wests principal business is to serve as a holding company for East West Bank (Bank) and other banking or banking-related subsidiaries. The Bank offers deposit products, including the traditional range of personal and business checking and savings accounts, time deposits and individual retirement accounts, travelers checks, safe deposit boxes, and MasterCard and Visa merchant deposit services. The Banks lending activities include commercial and residential real estate, construction, trade finance, and commercial business, including accounts receivable, small business administration (SBA), inventory and working capital loans. The Bank provides commercial business loans to small and medium-sized businesses. In addition, the Bank is focused on providing financing to clients needing a financial bridge that facilitates their business transactions between Asia and the United States.

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