Recent 52-Week High Exceeded in Shares of State Street (STT)
State Street (NYSE:STT) traded today at a new 52-week high of $56.84. Approximately 213,000 shares have changed hands today, as compared to an average 30-day volume of 4.9 million shares.
Over the past year, State Street has traded in a range of $38.95 to $56.84 and is now at $56.70, 46% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.4%.
State Street Corporation services institutional investors and manages financial assets worldwide. The Company's products and services include custody, accounting, administration, daily pricing, international exchange services, cash management, financial asset management, securities lending, and investment advisory services.
State Street (NYSE:STT) is currently priced 0.0% above its average consensus analyst price target of $56.69. The stock should find initial support at its 50-day moving average (MA) of $49.19 and further support at its 200-day MA of $44.48.
SmarTrend recommended that subscribers consider buying shares of State Street on October 17th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.16. Since that recommendation, shares of State Street have risen 27.7%. We continue to monitor STT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows State Street