• Return to Headlines

Shares of PMBC Up 24.8% Since Uptrend Call on Shares

By James Quinn

SmarTrend identified an Uptrend for Pacific Mercantile Bancorp (NASDAQ:PMBC) on November 14th, 2016 at $6.65. In approximately 7 months, Pacific Mercantile Bancorp has returned 24.81% as of today's recent price of $8.30.

Pacific Mercantile Bancorp share prices have moved between a 52-week high of $8.85 and a 52-week low of $5.30 and are now trading 57% above that low price at $8.30 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

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 shifts in the trajectory of Pacific Mercantile Bancorp shares.

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

Keywords: spotlights pacific mercantile bancorp

Ticker(s): PMBC