DALLAS, Texas - TwinTrader.com announces the publication of Breakout for SBNY; highlighting public companies on the move and what’s behind the surge.
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“Signature Bank and its subsidiaries provide various business and personal banking products and services in the New York metropolitan area. It generates deposit products, including commercial checking accounts, money market accounts, escrow deposit accounts, lockbox accounts, cash concentration accounts, checking accounts…
“Signature Bank reported a strong second quarter, which announced income of $10.9 million, an increase of 5.9%. The growth was attributed to an increase in loans, deposit growth and margin expansion…
“The stock is struggling to remain above its breakout of $34 on Thursday. In this climate, a bank chart that looks like this one is not common. The 50-day moving average has crossed the 200-day moving average to the upside, indicating further bullish technical readings in the stock. The RSI is neutral at a reading of 61.44, and the MACD reading of 0.426 remains healthy...”
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