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Bearish Moving Average Cross by First Republic B (FRC)

By David Diaz

First Republic B (NYSE:FRC) shares have crossed bearishly below their 10-day moving average of $98.74 on a volume of 118K 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, shares of First Republic B have traded between a low of $84.56 and a high of $105.52 and are now at $98.61, which is 17% above that low price. The 200-day and 50-day moving averages have moved 0.01% lower and 0.40% higher over the past week, respectively.

SmarTrend is tracking the current trend status for First Republic B and will alert subscribers who have FRC in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses first republic b

Ticker(s): FRC