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Pacwest Bancorp Crosses Below its 10-day MA (PACW)

By Shiri Gupta

Pacwest Bancorp (NASDAQ:PACW) shares have crossed bearishly below their 10-day moving average of $48.89 on a volume of 195K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Pacwest Bancorp share prices have moved between a 52-week high of $57.53 and a 52-week low of $35.56 and are now trading 37% above that low price at $48.69 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.6%.

SmarTrend is tracking the current trend status for Pacwest Bancorp and will alert subscribers who have PACW in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses pacwest bancorp

Ticker(s): PACW