• Return to Headlines

Bearish Moving Average Cross by Pacific Premier (PPBI)

By Shiri Gupta

Pacific Premier (NASDAQ:PPBI) shares have crossed bearishly below their 10-day moving average of $29.11 on a volume of 108K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Pacific Premier share prices have been bracketed by a low of $23.01 and a high of $43.20 and are now at $28.32, 23% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.3%.

SmarTrend is tracking the current trend status for Pacific Premier and will alert subscribers who have PPBI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses pacific premier

Ticker(s): PPBI