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After Yesterday's Rally of 1.30% Shares Could Potentially Pullback

By James Quinn

Svb Financial Gr (NASDAQ:SIVB) traded in a range yesterday that spanned from a low of $168.73 to a high of $176.49. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $174.22 on volume of 291,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Svb Financial Gr share prices have moved between a 52-week high of $270.95 and a 52-week low of $127.39 and are now trading 35% above that low price at $172.11 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 3.8%.

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.

Keywords: rebounders svb financial gr

Ticker(s): SIVB