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Look for Shares of Svb Financial Gr to Potentially Rebound after Yesterday's 1.04% Sell Off

By James Quinn

Svb Financial Gr (NASDAQ:SIVB) traded in a range yesterday that spanned from a low of $187.46 to a high of $190.62. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $190.12 on volume of 115,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Svb Financial Gr. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Svb Financial Gr in search of a potential trend change.

In the past 52 weeks, shares of Svb Financial Gr have traded between a low of $177.70 and a high of $332.90 and are now at $188.49, which is 6% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.3%.

Keywords: rebounders svb financial gr

Ticker(s): SIVB