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Downtrend Call Working As Svb Financial Gr Stock Falls 28.2% (SIVB)

By Amy Schwartz

SmarTrend identified a Downtrend for Svb Financial Gr (NASDAQ:SIVB) on October 11th, 2018 at $297.34. In approximately 2 months, Svb Financial Gr has returned 28.18% as of today's recent price of $213.56.

In the past 52 weeks, shares of Svb Financial Gr have traded between a low of $207.51 and a high of $333.74 and are now at $213.56, which is 3% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.9%.

SVB Financial Group is the holding company for Silicon Valley Bank. The Bank is a commercial bank that serves emerging growth and middle-market growth companies in targeted niches, focusing on the technology and life sciences industries. Silicon Valley operates offices throughout the Silicon Valley and other areas of California, as well as in other states.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Svb Financial Gr.

Log in and add Svb Financial Gr (SIVB) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights svb financial gr

Ticker(s): SIVB