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Silicon Valley Bancshares (SIVB) Message Board

  • dvnv dvnv Jun 14, 2002 12:28 PM Flag

    What's up

    Suprised to see the volatility...what is happening with this stock? Does someone know something the rest of us don't or is it just a correction after a pretty good run?

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    • dvnv,

      This looks like normal 50% retracements. The post 9-11-01 low last September was 15.85. The January '02 high was 27.84. The February '02 low was 21.94, or 10 cents above a 50% retracement I calculate to be 21.845.

      From the February '02 low to the 33.99 recent high, a 50% retracement would be 27.965, so Friday's intraday low was $1.95 below this retracement but the close was only $.765 the retracement. SIVB is still above the 200 day moving average. We'll see Monday if the 200 day holds or not.

 
SIVB
131.59+1.78(+1.37%)May 4 4:00 PMEDT