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Shares of State St Corp Fall to a New 52-Week Low

By James Quinn

State St Corp (NYSE:STT) traded at a new 52-week low today of $84.56. This new low was reached on above average trading volume as 2.4 million shares traded hands, while the average 30-day volume is approximately 1.8 million shares.

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.

Potential upside of 36.2% exists for State St Corp, based on a current level of $85.32 and analysts' average consensus price target of $116.24. The stock should find initial resistance at its 50-day moving average (MA) of $97.34 and further resistance at its 200-day MA of $99.38.

Over the past year, State St Corphas traded in a range of $84.56 to $114.27 and are now at $85.32. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

SmarTrend is tracking the current trend status for State St Corp and will alert subscribers who have STT in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows state st corp

Ticker(s): STT