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Keycorp Crosses Below its 10-day MA (KEY)

By James Quinn

Keycorp (NYSE:KEY) shares have crossed bearishly below their 10-day moving average of $12.55 on a volume of 2.8 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Keycorp have traded between a low of $9.88 and a high of $15.70 and are now at $12.31, which is 25% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of Keycorp on August 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.28. Since that recommendation, shares of Keycorp have risen 3.5%. We continue to monitor KEY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses keycorp

Ticker(s): KEY