SmarTrend Detects Continued Buying Pressure in Shares of SVB Financial (SIVB)
SmarTrend identified an Uptrend for SVB Financial (NASDAQ: SIVB) on February 22, 2010 at $43.55. In approximately 2 weeks, SVB Financial has returned 8.3% as of today's recent price of $47.16.
SVB Financial is currently above its 50-day moving average of $43.59 and above its 200-day moving average of $37.94. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of SVB Financial shares.
Write to Chip Brian at cbrian@tradethetrend.com
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