Independent Bank Corp. (INDB)

Independent Bank Corp. is trading at $84.80, down 1.44% on the session. The 50 day average sits at $83.75 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 57.7, which reads as strong, and MACD is bearish crossover. Volume is below average.

The nearest support is around $83.10 with resistance near $86.50, so that band frames the current range. Average daily movement is roughly $1.54, or about 1.8% of the share price, which is what any stop placement has to allow for. The overall health score of 66 out of 100 combines a trend score of 72, momentum of 51 and a risk score of 78.

Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses in the United States. It provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. The company also offers commercial real estate and construction, commercial and industrial, small business, secured and unsecured commercial, and consumer real estate loans; term loans and revolving/nonrevolving lines of credit; overdraft protection and letters of credit; and residential mortgages and home equity loans and lines. In addition, it provides cash management services, such as ACH transaction processing, positive pay, and remote deposit services; investment management and trust services to individuals, institutions, small businesses, and charitable institutions; interchange fees; ATM fees; mobile, online, and telephone banking; estate settlement, financial planning, tax services, and other services; debit and credit cards; and mutual fund and unit investment trust shares, third party model portfolios, general securities, fixed and variable annuities, and life insurance products, as well as advisory platforms. Further, the company invests in low-income housing tax credit projects; holds, maintains, and disposes foreclosed properties; and operates as an investment advisor. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.