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Svb Financial Gr Rises 1.06% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Svb Financial Gr (NASDAQ:SIVB) traded in a range yesterday that spanned from a low of $318.14 to a high of $324.81. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $324.77 on volume of 150,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 24.6%. 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 $324.77 and a 52-week low of $82.90 and are now trading 291% above that low price at $324.42 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has slid 0.8%.

Keywords: rebounders svb financial gr

Ticker(s): SIVB