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Signature Bank Bullish Moving Average Crossover Alert (SBNY)

By James Quinn

Today, shares of Signature Bank (NASDAQ:SBNY) have crossed bullishly above their 10-day moving average of $129.33 on a volume of 109K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Signature Bank share prices have been bracketed by a low of $113.53 and a high of $164.23 and are now at $129.47, 14% above that low price. The 200-day and 50-day moving averages have moved 0.24% lower and 0.19% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Signature Bank on July 19th, 2017 by issuing a Downtrend alert when the shares were trading at $135.01. Since that call, shares of Signature Bank have fallen 4.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses signature bank

Ticker(s): SBNY