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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 $118.75 on a volume of 534K 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, Signature Bank share prices have been bracketed by a current low of $114.00 and a high of $163.15 and are now at $114.66. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 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

Ticker(s): SBNY