Large Inflow of Money Detected in FIRST REPUBLIC BANK

FIRST REPUBLIC BANK (FRC) : The money flow analysis of FIRST REPUBLIC BANK (FRC) indicates a $19.99 million of outflow was on downticks, whereas, the investors on Thursday gobbled up stocks worth $25.2 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.26 and so was the total money flow at $5.21 million. A solid up-down ratio of 4.02 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $4.31 million worth of block trades on upticks. Only $1.07 million worth of the stock exchanged hands on downticks. The money flow was $3.24 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of FIRST REPUBLIC BANK (FRC), pushing it down by -0.22% for the day. The stock slid $0.16 and traded at $71.28 during the day. Nonetheless, the stock is 2.89% over the previous weeks close.


The stock has recorded a 20-day Moving Average of 3.4% and the 50-Day Moving Average is 2.71%. Shares have rallied 8.95% from its 1 Year high price. On May 31, 2016, the shares registered one year high at $73.22 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $69.58 and the 200 Day Moving Average price is recorded at $66.80.

FIRST REPUBLIC BANK (NYSE:FRC): The stock opened at $72.19 on Thursday but the bulls could not build on the opening and the stock topped out at $72.20 for the day. The stock traded down to $71.01 during the day, due to lack of any buying support eventually closed down at $71.28 with a loss of -0.22% for the day. The stock had closed at $71.44 on the previous day. The total traded volume was 1,512,159 shares.

First Republic Bank and its subsidiaries provide private banking, private business banking and private wealth management, including investment, trust and brokerage services. The Company has offices in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland, Boston, Palm Beach, Greenwich and New York City. The Companys products and services include residential lending, commercial real estate lending, personal lending, private business banking, deposit services, investment management services, brokerage services and trust services. The Bank offers full-service banking on both coasts, including free online banking, free bill pay and free access to automated teller machines (ATMs) across the world.

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