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ConnectOne Bancorp Inc (CNOB) Surpasses 200-Day Moving Average at $24.40
ByAinvest
Tuesday, Aug 19, 2025 11:46 am ET1min read
ConnectOne Bancorp Inc (CNOB) shares crossed above their 200-day moving average of $24.19, trading as high as $24.40 per share. The stock is currently up 0.6% on the day. The 52-week high point is $29.31, with a low of $20.61. This bullish cross indicates a potential upward trend in the stock's performance.
ConnectOne Bancorp Inc (CNOB) shares crossed above their 200-day moving average of $24.19, trading as high as $24.40 per share on Tuesday. The stock is currently up 0.6% on the day, with a 52-week high point of $29.31 and a low of $20.61 [2].This bullish cross, where the stock's price moves above its 200-day moving average, suggests a potential upward trend in the stock's performance. Historically, a Golden Cross, as it is known, is a reliable signal of a bullish trend reversal, indicating a shift in the stock's momentum towards the upside [1].
ConnectOne Bancorp's recent acquisition of The First of Long Island Corporation (FLIC) has expanded its branch network and loan portfolio, positioning the company for future growth and operational efficiencies [2]. The company reported net interest income of $144.6 million for Q3 2025, up from $121.7 million, highlighting effective interest rate management and loan growth [2].
The current market conditions, where buyers are controlling the market, suggest that the bullish momentum for ConnectOne Bancorp is likely to persist. Investors may want to keep an eye on ConnectOne Bancorp for potential gains in the near future.
References:
[1] https://www.ainvest.com/news/connectone-15min-chart-triggers-kdj-golden-cross-bullish-marubozu-indicator-2508/
[2] https://www.nasdaq.com/articles/cnob-makes-bullish-cross-above-critical-moving-average
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