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SmarTrend Watching for Potential Rebound in Shares of Svb Financial Gr After 12.22% Loss

By James Quinn

Svb Financial Gr (NASDAQ:SIVB) traded in a range yesterday that spanned from a low of $210.47 to a high of $231.99. Yesterday, the shares fell 12.2%, which took the trading range below the 3-day low of $237.44 on volume of 983,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Svb Financial Gr on October 11th, 2018 by issuing a Downtrend alert when the shares were trading at $297.34. Since that call, shares of Svb Financial Gr have fallen 19.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Svb Financial Grhas traded in a range of $210.47 to $333.74 and are now at $211.04. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.6% while the 200-day MA has remained constant.

Keywords: rebounders svb financial gr

Ticker(s): SIVB