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Svb Financial Gr Set to Possibly Rebound After Yesterday's Selloff of 1.04%

By James Quinn

Svb Financial Gr (NASDAQ:SIVB) traded in a range yesterday that spanned from a low of $170.27 to a high of $174.62. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $172.55 on volume of 202,000 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 Svb Financial Gr and will alert subscribers who have SIVB in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Svb Financial Gr have traded between a low of $82.90 and a high of $198.83 and are now at $170.85, which is 106% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 1.2%.

Keywords: rebounders svb financial gr

Ticker(s): SIVB