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SmarTrend Watching for Potential Rebound in Shares of Svb Financial Gr After 1.55% Loss

By Shiri Gupta

Svb Financial Gr (NASDAQ:SIVB) traded in a range yesterday that spanned from a low of $314.79 to a high of $320.60. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $316.85 on volume of 157,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 24.2%. We continue to monitor SIVB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Svb Financial Gr share prices have moved between a 52-week high of $329.65 and a 52-week low of $159.44 and are now trading 98% above that low price at $316.33 per share. Over the past week, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 1.7%.

Keywords: rebounders svb financial gr

Ticker(s): SIVB