ServisFirst Bancshares Inc

SFBS has broken decisively below its key confluence support zone around the low-43 area on expanding volume, with price trading beneath the 9- and 20-day EMAs and the 50-day SMA. Momentum remains non-oversold, suggesting further downside toward longer-term support at the 200-day SMA. We will sell now on rallies back into the broken support-turned-resistance region near the short-term EMAs and 50-day SMA.

• ↑Annualized loan growth of 15% lifts total loans to $14.48B
• ↑Q2 net income rose 40% YoY to $85.8M; EPS $1.57
• ↓Nonperforming loans more than doubled YoY, risking earnings