Wednesday, July 05, 2006

Trade Ideas: TCBK

Channel consolidation experiencing some decent accumulation with a fresh 'buy' trigger in the MACD. Buy break of channel resistance and add on a break of $28.39. Limited news to move the stock. Modest yield of 1.80%.

TriCo Bancshares operates as the holding company for Tri Counties Bank, which provides commercial banking services in the California. The bank accepts demand, savings, and time deposits, as well as provides commercial, real estate, mortgage, and consumer loans. It also offers installment note collection, issues cashier's checks, and money orders, and traveler’s checks; and online banking services. In addition, the bank provides agribusiness, commercial, consumer, and residential loans to customers located throughout the northern San Joaquin Valley, the Sacramento Valley, and northern mountain regions of California.

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