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Bearish Moving Average Cross by Signature Bank (SBNY)

By Amy Schwartz

Today, shares of Signature Bank (NASDAQ:SBNY) have crossed bearishly below their 10-day moving average of $128.32 on a volume of 189K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Signature Bank has traded in a range of $116.68 to $161.92 and is now at $125.52, 8% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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