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SVB Financial Bearish Moving Average Crossover Alert (SIVB)

By Shiri Gupta

Today, shares of SVB Financial (NASDAQ:SIVB) have crossed bearishly below their 10-day moving average of $183.21 on a volume of 168K 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.

SVB Financial share prices have moved between a 52-week high of $198.83 and a 52-week low of $77.87 and are now trading 127% above that low price at $176.75 per share. The 200-day and 50-day moving averages have moved 0.84% lower and 1.15% higher over the past week, respectively.

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

Keywords: moving crosses svb financial

Ticker(s): SIVB