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Pacwest Bancorp Bullish Moving Average Crossover Alert (PACW)

By James Quinn

Pacwest Bancorp (NASDAQ:PACW) crossed over its 10-day moving average of $50.02 on a volume of 343K 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.

In the past 52 weeks, shares of Pacwest Bancorp have traded between a low of $43.08 and a high of $55.86 and are now at $50.60, which is 17% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Pacwest Bancorp on June 25th, 2018 by issuing a Downtrend alert when the shares were trading at $52.01. Since that call, shares of Pacwest Bancorp have fallen 5.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses pacwest bancorp

Ticker(s): PACW