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Shares of Bank Ny Mellon Rise to a New 52-Week High

By Nick Russo

Bank Ny Mellon (NYSE:BK) traded today at a new 52-week high of $52.94. This new high was reached on below average trading volume as 1.3 million shares traded hands, while the average 30-day volume is approximately 5.5 million shares.

Bank Ny Mellon share prices have moved between a 52-week high of $52.94 and a 52-week low of $35.72 and are now trading 48% above that low price at $52.73 per share. The 200-day and 50-day moving averages have moved 0.17% lower and 1.02% higher over the past week, respectively.

Based on a current price of $52.73, Bank Ny Mellon is currently 1.0% above its average consensus analyst price target of $52.18. Bank Ny Mellon shares have support at the 200-day moving average (MA) of $39.68 and additional support at the 50-day MA of $37.95.

The Bank of New York Mellon Corporation (BNY Mellon) is a global financial services company. The Company provides asset and wealth management, asset servicing, issuer, clearing, and treasury services for institutions, corporations, and high net worth individuals.

SmarTrend recommended that subscribers consider buying shares of Bank Ny Mellon on February 15th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.17. Since that recommendation, shares of Bank Ny Mellon have risen 11.0%. We continue to monitor BK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows bank ny mellon

Ticker(s): BK