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Uptrend Call Working As Pacific Mercantl Stock Rises 31.6% (PMBC)

By James Quinn

SmarTrend identified an Uptrend for Pacific Mercantl (NASDAQ:PMBC) on November 14th, 2016 at $6.65. In approximately 8 months, Pacific Mercantl has returned 31.58% as of today's recent price of $8.75.

Over the past year, Pacific Mercantl has traded in a range of $5.30 to $9.00 and is now at $8.75, 65% above that low. The 200-day and 50-day moving averages have moved 0.02% higher and 0.76% higher over the past week, respectively.

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 Mercantl shares.

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