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Pacific Mercantl Has Returned 2.7% Since SmarTrend Recommendation (PMBC)

By David Diaz

SmarTrend identified a Downtrend for Pacific Mercantl (NASDAQ:PMBC) on October 2nd, 2019 at $7.24. In approximately 2 months, Pacific Mercantl has returned 2.73% as of today's recent price of $7.04.

In the past 52 weeks, shares of Pacific Mercantl have traded between a low of $6.76 and a high of $8.91 and are now at $7.04, which is 4% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.9%.

Pacific Mercantile Bancorp is the holding company for Pacific Mercantile Bank, a commercial bank serving customers in Southern California. The Bank provides a wide range of commercial banking services to businesses, business professionals, and individual clients through a combination of traditional banking centers and electronic banking services.

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

Log in and add Pacific Mercantl (PMBC) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights pacific mercantl

Ticker(s): PMBC