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Bullish Moving Average Cross by PacWest Bancorp (PACW)

By Nick Russo

Today, shares of PacWest Bancorp (NASDAQ:PACW) have crossed bullishly above their 10-day moving average of $52.19 on a volume of 106K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, PacWest Bancorp has traded in a range of $29.05 to $57.53 and is now at $53.06, 83% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.6%.

SmarTrend is monitoring the recent change of momentum in PacWest Bancorp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of PacWest Bancorp in search of a potential trend change.

Keywords: moving crosses pacwest bancorp

Ticker(s): PACW