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Banc Of Californ Crosses Below its 10-day MA (BANC)

By David Diaz

Banc Of Californ (NYSE:BANC) shares have crossed bearishly below their 10-day moving average of $20.65 on a volume of 569K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Banc Of Californ share prices have been bracketed by a low of $10.93 and a high of $23.40 and are now at $20.08, 84% above that low price. The 200-day and 50-day moving averages have moved 0.91% higher and 2.53% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Banc Of Californ and will alert subscribers who have BANC in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses banc of californ

Ticker(s): BANC