Discover the 3 down-trending stocks expecting further declines

The main stocks that are plunging: First Republic Bank, PacWest Bancorp, Western Alliance Bancorporation

Leading equity indices in the US declined as Dow Jones was down 1.19% before closing the session at 31,862. S&P 500 slipped 1.1% and closed at 3,916.64.

What is a downtrend?

The perceived tendency of a price to move in a downward direction over time. A downtrend describes the price movement of a continously depreciative financial asset over a particular time frame. In a downtrend, each successive low and peak is lower than the ones found earlier in the trend. The downtrend is therefore composed of lower swing lows and lower swing highs.

| First Republic Bank | 81.31% ($88.95) depreciation over 7 days ($12.71 per day average)

After setting a $22.3 – $30 range, First Republic Bank closed the day 32.8% lower at $23.03. During Friday's session, First Republic Bank toiled and struggled for upward momentum before closing at $23.03. By the close, the the regional full-service bank suffered a $11.24 or 32.8% loss. Daily trading volume (139.67 million shares) increased, making up 1,300% of the 21-day average (10.72 million). First Republic Bank disclosed a quarterly dividend of 27 cents per share on Friday, January 13th that was paid on Thursday, February 9th to all shareholders of record up until Thursday, January 26th. Based on current prices, the company's decision thereby provides First Republic Bank investors with an annual dividend yield of 4.69%.

PacWest Bancorp continues a 12 day downtrend; plunges 18.95% Friday

After setting a $9.05 – $10.67 range, PacWest Bancorp closed the day 18.95% lower at $9.28. During Friday's session, PacWest Bancorp toiled and struggled for upward momentum before closing at $9.28. By the close, the the bank holding company suffered a $2.17 or 18.95% loss. Daily trading volume (38.61 million shares) was higher than the current multiday average of 6.90 million. Also, the firm paid out a quarterly dividend of 25 cents per share on Tuesday, February 28th to all active shareholders as of Wednesday, February 15th. Eligible investors secured a quarterly dividend yield of 10.78% for this year.

During Friday's session, Western Alliance Bancorporation toiled and struggled for upward momentum before closing at $31.32. By the close, the the retail and commercial bank suffered a $5.59 or 15.14% loss. After setting a $30 – $35.38 range, Western Alliance Bancorporation closed the day 15.14% lower at $31.32. Daily trading volume (23.92 million shares) was above the current multiday average of 4.82 million.

Western Alliance Bancorporation has a market cap of $3.43 billion with an average daily trading volume of 4.82 million shares. The US bank is now trading 41.31% above the significant low ($26.12) it slumped to 6 days ago. So far this year, it has been doing worse than the Nasdaq by 53.59%. Pointing downwards for around a month. Western Alliance Bancorporation is forecasted to generate revenues of $724.29 million and EPS of $2.67.