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SVB Financial Bullish Moving Average Crossover Alert (SIVB)

By Nick Russo

Today, shares of SVB Financial (NASDAQ:SIVB) have crossed bullishly above their 10-day moving average of $100.48 on a volume of 118K 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, SVB Financial share prices have been bracketed by a low of $77.87 and a high of $152.99 and are now at $102.75, 32% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has slid 0.8%.

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