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Bullish Moving Average Cross by State Street (STT)

By Nick Russo

State Street (NYSE:STT) shares have crossed bullishly above their 10-day moving average of $52.71 on a volume of 635K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

State Street share prices have moved between a 52-week high of $81.26 and a 52-week low of $50.60 and are now trading 5% above that low price at $53.35 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 recommended that its subscribers protect gains by selling shares of State Street on May 6th, 2016 by issuing a Downtrend alert when the shares were trading at $59.34. Since that call, shares of State Street have fallen 12.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses State Street

Ticker(s): STT