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Shares of State St Corp Fall Below Previous 52-Week Low

By Amy Schwartz

State St Corp (NYSE:STT) traded today at a new 52-week low of $83.73. Approximately 328,000 shares have changed hands today, as compared to an average 30-day volume of 2.9 million shares.

In the past 52 weeks, shares of State St Corp have traded between the current low of $83.73 and a high of $114.27 and are now at $83.81. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has slid 0.2%.

Potential upside of 38.7% exists for State St Corp, based on a current level of $83.81 and analysts' average consensus price target of $116.24. The stock should run into initial resistance at its 50-day moving average (MA) of $93.35 and subsequent resistance at its 200-day MA of $98.54.

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.

SmarTrend recommended that its subscribers protect gains by selling shares of State St Corp on May 29th, 2018 by issuing a Downtrend alert when the shares were trading at $96.80. Since that call, shares of State St Corp have fallen 11.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows state st corp

Ticker(s): STT