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SmarTrend Watching for Potential Rebound in Shares of Signature Bank After 1.09% Loss

By Nick Russo

Signature Bank (NASDAQ:SBNY) traded in a range yesterday that spanned from a low of $141.48 to a high of $145.24. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $142.87 on volume of 271,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, Signature Bank share prices have been bracketed by a low of $113.53 and a high of $164.23 and are now at $142.72, 26% above that low price. The 200-day and 50-day moving averages have moved 0.24% lower and 0.19% higher over the past week, respectively.

Keywords: rebounders signature bank

Ticker(s): SBNY