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Shares of Keycorp Rise to a New 52-Week High

By Amy Schwartz

Keycorp (NYSE:KEY) traded today at a new 52-week high of $22.30. This new high was reached on below average trading volume as 1.5 million shares traded hands, while the average 30-day volume is approximately 12.8 million shares.

There is potential upside of 4.5% for shares of Keycorp based on a current price of $22.27 and an average consensus analyst price target of $23.27. The stock should discover initial support at its 200-day moving average (MA) of $12.56 and subsequent support at its 50-day MA of $11.43.

KeyCorp is a financial services holding company. The Company provides a wide range of retail and commercial banking, commercial leasing, investment management, consumer finance, and investment banking products and services to individual, corporate, and institutional clients.

Keycorp share prices have moved between a 52-week high of $22.30 and a 52-week low of $10.21 and are now trading 118% above that low price at $22.27 per share. 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 September 21st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.15. Since that recommendation, shares of Keycorp have risen 22.0%. We continue to monitor KEY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows keycorp

Ticker(s): KEY