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Bearish Moving Average Cross by State St Corp (STT)

By David Diaz

Today, shares of State St Corp (NYSE:STT) have crossed bearishly below their 10-day moving average of $55.14 on a volume of 403K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

State St Corp share prices have moved between a 52-week high of $99.08 and a 52-week low of $53.53 and are now trading 2% above that low price at $54.86 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 1.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of State St Corp on April 24th, 2019 by issuing a Downtrend alert when the shares were trading at $66.24. Since that call, shares of State St Corp have fallen 15.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses state st corp

Ticker(s): STT