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Signature Bank Falling Today on Above-Average Volume (SBNY)

By Shiri Gupta

The price of Signature Bank shares has slipped to $127.36 (a 6.4% change) on heavy trading volume. About 593,000 shares have been traded today, as compared to the 30-day average volume of 377,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

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

Over the past year, Signature Bank has traded in a range of $98.54 to $141.25 and is now at $126.90, 29% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

Keywords: unusual volume signature bank

Ticker(s): SBNY