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After Yesterday's Rally of 1.06% Shares Could Potentially Pullback

By Shiri Gupta

Svb Financial Gr (NASDAQ:SIVB) traded in a range yesterday that spanned from a low of $318.14 to a high of $324.81. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $324.77 on volume of 150,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Svb Financial Gr share prices have moved between a 52-week high of $324.77 and a 52-week low of $82.90 and are now trading 291% above that low price at $324.42 per share. 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 recommended that subscribers consider buying shares of Svb Financial Gr on April 24th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $257.95. Since that recommendation, shares of Svb Financial Gr have risen 24.6%. We continue to monitor SIVB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders svb financial gr

Ticker(s): SIVB