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Bearish Moving Average Cross by Suntrust Banks (STI)

By David Diaz

Suntrust Banks (NYSE:STI) crossed under its 10-day moving average of $67.28 on a volume of 631K 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.

In the past 52 weeks, Suntrust Banks share prices have been bracketed by a low of $37.71 and a high of $73.37 and are now at $67.18, 78% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.5%.

SmarTrend is monitoring the recent change of momentum in Suntrust Banks. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Suntrust Banks in search of a potential trend change.

Keywords: moving crosses suntrust banks

Ticker(s): STI