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Bullish Moving Average Cross by Suntrust Banks (STI)

By Amy Schwartz

Suntrust Banks (NYSE:STI) shares have crossed bullishly above their 10-day moving average of $64.26 on a volume of 641K 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.

Over the past year, Suntrust Banks has traded in a range of $46.05 to $75.08 and is now at $65.10, 41% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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