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PacWest Bancorp Crosses Above its 10-day MA (PACW)

By Nick Russo

PacWest Bancorp (NASDAQ:PACW) crossed over its 10-day moving average of $49.74 on a volume of 281K 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.

Over the past year, PacWest Bancorp has traded in a range of $29.05 to $57.53 and is now at $50.60, 74% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of PacWest Bancorp on March 21st, 2017 by issuing a Downtrend alert when the shares were trading at $52.90. Since that call, shares of PacWest Bancorp have fallen 8.4%. 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