Insurance Technology Industry News

TMCNet:  18.1% Return Seen to Date on SmarTrend Signature Bank Call (SBNY)

[February 22, 2013]

18.1% Return Seen to Date on SmarTrend Signature Bank Call (SBNY)

Feb 22, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Signature Bank (NASDAQ:SBNY) on July 26th, 2012 at $62.83. In approximately 7 months, Signature Bank has returned 18.14% as of today's recent price of $74.22.

Over the past year, Signature Bank has traded in a range of $57.40 to $76.58 and is now at $74.22, 29% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.2%.

Signature Bank is a full service commercial bank that serves privately owned business clients and their owners and senior managers. The Bank offers business and personal banking products and services as well as investment, brokerage, asset management and insurance products through its subsidiary, Signature Securities Group Corp.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Signature Bank shares.Log in and add Signature Bank (SBNY) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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