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Bullish Moving Average Cross by Suntrust Banks (STI)

By Nick Russo

Suntrust Banks (NYSE:STI) shares have crossed bullishly above their 10-day moving average of $62.47 on a volume of 113K 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.

Suntrust Banks share prices have moved between a 52-week high of $75.08 and a 52-week low of $46.05 and are now trading 36% above that low price at $62.67 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.2%.

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

Keywords: moving crosses suntrust banks

Ticker(s): STI