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Bullish Moving Average Cross by Signature Bank (SBNY)

By Amy Schwartz

Today, shares of Signature Bank (NASDAQ:SBNY) have advanced above their 10-day MA of $120.58 on a volume of 168K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Signature Bank has traded in a range of $114.36 to $163.15 and is now at $121.41, 6% above that low. 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 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