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Bearish Moving Average Cross by State Street (STT)

By Nick Russo

State Street (NYSE:STT) shares have crossed bearishly below their 10-day moving average of $81.13 on a volume of 235K 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 Street share prices have moved between a 52-week high of $85.38 and a 52-week low of $50.60 and are now trading 60% above that low price at $80.87 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.7%.

SmarTrend is tracking the current trend status for State Street and will alert subscribers who have STT in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses State Street

Ticker(s): STT