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Bullish Moving Average Cross by Signature Bank (SBNY)

By Nick Russo

Today, shares of Signature Bank (NASDAQ:SBNY) have crossed bullishly above their 10-day moving average of $125.56 on a volume of 165K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Signature Bank share prices have moved between a 52-week high of $137.93 and a 52-week low of $98.54 and are now trading 29% above that low price at $127.24 per share. The 200-day and 50-day moving averages have moved 0.14% higher and 0.36% lower 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