Bearish Moving Average Cross by Signature Bank (SBNY)
Signature Bank (NASDAQ:SBNY) crossed under its 10-day moving average of $127.61 on a volume of 664K 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.
Signature Bank share prices have moved between a 52-week high of $163.15 and a 52-week low of $114.36 and are now trading 5% above that low price at $120.58 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has slid 0.2%.
SmarTrend is monitoring the recent change of momentum in Signature Bank. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Signature Bank in search of a potential trend change.
Keywords: moving crosses signature bank