Bullish Moving Average Cross by SVB Financial (SIVB)
SVB Financial (NASDAQ:SIVB) shares have crossed bullishly above their 10-day moving average of $117.74 on a volume of 617K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, SVB Financial share prices have been bracketed by a low of $77.87 and a high of $152.99 and are now at $125.27, 61% above that low price. The 200-day and 50-day moving averages have moved 0.84% lower and 1.15% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of SVB Financial on July 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $101.09. Since that recommendation, shares of SVB Financial have risen 15.6%. We continue to monitor SIVB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses svb financial