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SVB Financial Crosses Below its 10-day MA (SIVB)

By Nick Russo

SVB Financial (NASDAQ:SIVB) crossed under its 10-day moving average of $193.85 on a volume of 119K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower 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 $198.83 and are now at $192.82, 148% above that low price. The 200-day and 50-day moving averages have moved 0.84% lower and 1.15% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of SVB Financial on February 13th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $180.64. Since that recommendation, shares of SVB Financial have risen 9.2%. We continue to monitor SIVB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses svb financial

Ticker(s): SIVB