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Bearish Moving Average Cross by Signature Bank (SBNY)

By Shiri Gupta

Today, shares of Signature Bank (NASDAQ:SBNY) have fallen below their 10-day MA of $131.51 on a volume of 593K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Signature Bank share prices have been bracketed by a low of $98.54 and a high of $141.25 and are now at $126.90, 29% above that low price. The 200-day and 50-day moving averages have moved 0.10% higher and 0.30% higher over the past week, respectively.

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

Keywords: moving crosses signature bank

Ticker(s): SBNY